Credicorp Ltd. (NYSE:BAP) Shares Sold by Los Angeles Capital Management LLC

by · The Cerbat Gem

Los Angeles Capital Management LLC lowered its position in shares of Credicorp Ltd. (NYSE:BAP – Free Report) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,521 shares of the bank’s stock after selling 6,708 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Credicorp were worth $7,876,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BAP. Envestnet Portfolio Solutions Inc. raised its position in Credicorp by 10.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,023 shares of the bank’s stock worth $343,000 after buying an additional 186 shares during the last quarter. Swiss National Bank raised its position in Credicorp by 0.3% during the 1st quarter. Swiss National Bank now owns 153,979 shares of the bank’s stock worth $26,089,000 after buying an additional 400 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Credicorp by 3.9% in the 1st quarter. Sei Investments Co. now owns 178,776 shares of the bank’s stock valued at $30,291,000 after purchasing an additional 6,779 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Credicorp in the 1st quarter valued at about $872,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Credicorp by 1.9% in the 1st quarter. Russell Investments Group Ltd. now owns 84,563 shares of the bank’s stock valued at $14,323,000 after purchasing an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group increased their price target on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, October 8th.

Check Out Our Latest Stock Analysis on Credicorp

Credicorp Price Performance

NYSE:BAP opened at $185.50 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50-day moving average price of $181.35 and a two-hundred day moving average price of $171.56. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $193.25.

Credicorp Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 23rd were paid a dividend of $2.9084 per share. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is currently 53.30%.

About Credicorp

(Free Report)

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.

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