Assetmark Inc. Grows Position in Credicorp Ltd. (NYSE:BAP)

Assetmark Inc. raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,481 shares of the bank’s stock after acquiring an additional 263 shares during the period. Assetmark Inc.’s holdings in Credicorp were worth $1,173,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BAP. Headlands Technologies LLC bought a new position in shares of Credicorp during the second quarter valued at about $84,000. Atlas Capital Advisors LLC lifted its position in shares of Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after buying an additional 89 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Credicorp in the 2nd quarter worth approximately $210,000. Dynamic Advisor Solutions LLC bought a new position in shares of Credicorp in the third quarter valued at approximately $216,000. Finally, Tidal Investments LLC purchased a new stake in shares of Credicorp during the first quarter valued at approximately $223,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 0.8 %

Shares of BAP stock opened at $188.56 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The firm has a market cap of $15.00 billion, a P/E ratio of 10.66, a PEG ratio of 0.64 and a beta of 1.14. The company has a 50 day moving average of $182.12 and a 200-day moving average of $171.93. Credicorp Ltd. has a 12-month low of $120.62 and a 12-month high of $193.25.

Credicorp Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BAP shares. JPMorgan Chase & Co. boosted their price objective on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th.

About Credicorp

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.