Credicorp Ltd. (NYSE:BAP) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its position in Credicorp Ltd. (NYSE:BAP) by 139.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 741,399 shares of the bank’s stock after purchasing an additional 432,301 shares during the quarter. Goldman Sachs Group Inc. owned about 0.93% of Credicorp worth $111,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Credicorp in the 4th quarter valued at approximately $337,000. Breakout Capital Partners LP purchased a new stake in shares of Credicorp in the 4th quarter valued at approximately $15,289,000. Compass Group LLC raised its stake in shares of Credicorp by 25.0% in the 4th quarter. Compass Group LLC now owns 37,500 shares of the bank’s stock valued at $5,622,000 after acquiring an additional 7,500 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Credicorp in the 4th quarter valued at approximately $705,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Credicorp by 147.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock valued at $111,000 after acquiring an additional 442 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Down 1.9 %

BAP traded down $2.95 during trading hours on Friday, hitting $155.97. 401,209 shares of the company’s stock were exchanged, compared to its average volume of 219,057. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $180.21. The firm has a 50 day moving average of $165.97 and a 200 day moving average of $159.44. The firm has a market cap of $12.40 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.81. Credicorp had a net margin of 19.95% and a return on equity of 15.33%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. Analysts predict that Credicorp Ltd. will post 18.64 EPS for the current fiscal year.

Credicorp Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 20th were given a $9.4084 dividend. The ex-dividend date of this dividend was Friday, May 17th. This is an increase from Credicorp’s previous annual dividend of $6.74. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is currently 207.72%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.73.

Credicorp 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.