OneDigital Investment Advisors LLC Takes Position in Credicorp Ltd. (NYSE:BAP)

OneDigital Investment Advisors LLC purchased a new position in Credicorp Ltd. (NYSE:BAP) during the 3rd quarter, HoldingsChannel reports. The fund purchased 1,374 shares of the bank’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Simplicity Wealth LLC lifted its stake in Credicorp by 2.5% in the 2nd quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock worth $458,000 after purchasing an additional 70 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in Credicorp by 14.9% during the second 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. Crossmark Global Holdings Inc. boosted its stake in Credicorp by 4.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock worth $492,000 after buying an additional 126 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Credicorp by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,871 shares of the bank’s stock valued at $3,446,000 after buying an additional 179 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Credicorp by 7.3% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,745 shares of the bank’s stock worth $443,000 after acquiring an additional 186 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

NYSE:BAP opened at $197.32 on Friday. Credicorp Ltd. has a 52 week low of $122.72 and a 52 week high of $200.00. The stock’s fifty day moving average is $184.99 and its two-hundred day moving average is $173.20. The company has a market capitalization of $15.69 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.66 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were issued a $2.9084 dividend. The ex-dividend date was Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s dividend payout ratio (DPR) is currently 53.24%.

Analysts Set New Price Targets

BAP has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

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.