Crossmark Global Holdings Inc. Has $577,000 Stock Position in Credicorp Ltd. (NYSE:BAP)

Crossmark Global Holdings Inc. lifted its holdings in Credicorp Ltd. (NYSE:BAP) by 4.6% in the 3rd quarter, Holdings Channel reports. The firm owned 3,189 shares of the bank’s stock after buying an additional 140 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Credicorp were worth $577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BAP. Ninety One UK Ltd acquired a new stake in shares of Credicorp in the second quarter worth about $50,235,000. Baillie Gifford & Co. raised its stake in shares of Credicorp by 22.0% in the 2nd quarter. Baillie Gifford & Co. now owns 1,632,852 shares of the bank’s stock valued at $263,428,000 after acquiring an additional 294,596 shares in the last quarter. Fourth Sail Capital LP acquired a new stake in Credicorp in the 2nd quarter worth approximately $44,156,000. Driehaus Capital Management LLC lifted its holdings in Credicorp by 78.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank’s stock worth $57,883,000 after purchasing an additional 158,175 shares during the last quarter. Finally, Carrhae Capital LLP bought a new stake in Credicorp during the third quarter worth approximately $27,974,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of BAP stock opened at $192.31 on Friday. Credicorp Ltd. has a 12 month low of $122.72 and a 12 month high of $193.25. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $182.44 and a 200-day moving average of $172.05.

Credicorp Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.