TT International Asset Management LTD Takes Position in Credicorp Ltd. (NYSE:BAP)

TT International Asset Management LTD purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 138,593 shares of the bank’s stock, valued at approximately $25,081,000. Credicorp comprises about 3.1% of TT International Asset Management LTD’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BAP. Wasatch Advisors LP increased its holdings in Credicorp by 0.7% in the 3rd quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock worth $1,608,000 after acquiring an additional 65 shares in the last quarter. Atlas Capital Advisors LLC increased its holdings in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after acquiring an additional 89 shares in the last quarter. Cerity Partners LLC increased its holdings in Credicorp by 3.8% in the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock worth $555,000 after acquiring an additional 111 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Credicorp by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock worth $492,000 after acquiring an additional 126 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Credicorp by 7.0% in the 3rd quarter. Quantinno Capital Management LP now owns 2,314 shares of the bank’s stock worth $419,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Trading Up 0.2 %

Shares of BAP opened at $191.29 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a 1 year low of $123.80 and a 1 year high of $200.00. The company has a 50 day simple moving average of $187.71 and a two-hundred day simple moving average of $174.91. The firm has a market cap of $15.21 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.13.

Credicorp Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 23rd were given a dividend of $2.9084 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is currently 53.24%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BAP. JPMorgan Chase & Co. increased their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, October 8th.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.