Short Interest in Credicorp Ltd. (NYSE:BAP) Drops By 8.4%

Credicorp Ltd. (NYSE:BAP) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 782,800 shares, a drop of 8.4% from the October 15th total of 854,900 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 205,200 shares, the short-interest ratio is currently 3.8 days.

Institutional Investors Weigh In On Credicorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after buying an additional 199,137 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Credicorp by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after purchasing an additional 13,868 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Credicorp by 2.5% during the third quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock valued at $302,991,000 after purchasing an additional 41,409 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Credicorp by 782.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after purchasing an additional 1,176,612 shares during the period. Finally, State Street Corp boosted its stake in shares of Credicorp by 2.0% during the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after purchasing an additional 21,943 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BAP shares. The Goldman Sachs Group boosted their price objective 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. increased their price objective 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 Up 0.4 %

Shares of BAP stock traded up $0.74 during mid-day trading on Monday, reaching $193.08. 293,193 shares of the company’s stock traded hands, compared to its average volume of 229,790. Credicorp has a 12 month low of $122.72 and a 12 month high of $196.00. The company has a market cap of $15.36 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.66 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $182.87 and its 200-day moving average price is $172.32.

Credicorp Cuts Dividend

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

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.