Credicorp (NYSE:BAP) Hits New 52-Week High – What’s Next?

Credicorp Ltd. (NYSE:BAP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $193.79 and last traded at $193.79, with a volume of 3244 shares. The stock had previously closed at $192.34.

Analyst Ratings Changes

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

Credicorp Stock Performance

The company has a fifty day moving average of $182.87 and a two-hundred day moving average of $172.32. The stock has a market capitalization of $15.37 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 0.66 and a beta of 1.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.02.

Credicorp Cuts Dividend

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

Hedge Funds Weigh In On Credicorp

Large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Credicorp during the third quarter worth $58,000. Headlands Technologies LLC acquired a new position in Credicorp in the second quarter valued at approximately $84,000. Atlas Capital Advisors LLC grew its holdings in shares of Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after purchasing an additional 89 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Credicorp during the 3rd quarter worth approximately $216,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Credicorp in the 2nd quarter worth approximately $210,000. 89.81% of the stock is currently owned by institutional investors.

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.