Bank of Montreal Can Cuts Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Bank of Montreal Can reduced its stake in Credicorp Ltd. (NYSE:BAP) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,827 shares of the bank’s stock after selling 258 shares during the quarter. Bank of Montreal Can’s holdings in Credicorp were worth $6,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new position in shares of Credicorp in the 3rd quarter worth about $58,000. Headlands Technologies LLC bought a new stake in Credicorp in the second quarter worth $84,000. Atlas Capital Advisors LLC grew its stake 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 buying an additional 89 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Credicorp in the second quarter worth about $210,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Credicorp in the 3rd quarter valued at about $216,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on BAP. The Goldman Sachs Group raised their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp Price Performance

Shares of BAP stock opened at $190.89 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 52 week low of $122.72 and a 52 week high of $200.00. The company has a 50 day moving average price of $186.56 and a 200-day moving average price of $173.95.

Credicorp Cuts Dividend

The company 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. 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 presently 53.30%.

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.