OneDigital Investment Advisors LLC Makes New $249,000 Investment in Credicorp Ltd. (NYSE:BAP)

OneDigital Investment Advisors LLC acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,374 shares of the bank’s stock, valued at approximately $249,000.

Several other institutional investors have also recently made changes to their positions in BAP. Ninety One UK Ltd acquired a new stake in Credicorp during the second quarter valued at $50,235,000. Baillie Gifford & Co. grew its position in shares of Credicorp by 22.0% during 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 during the period. Fourth Sail Capital LP purchased a new position in shares of Credicorp in the 2nd quarter valued at about $44,156,000. Driehaus Capital Management LLC increased its stake in shares of Credicorp by 78.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank’s stock valued at $57,883,000 after purchasing an additional 158,175 shares in the last quarter. Finally, Carrhae Capital LLP acquired a new position in Credicorp in the 3rd quarter worth about $27,974,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Down 0.7 %

Shares of Credicorp stock opened at $197.32 on Friday. 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 twelve month low of $122.72 and a twelve month high of $200.00. The firm has a market capitalization of $15.69 billion, a PE ratio of 11.32, a P/E/G ratio of 0.66 and a beta of 1.14. The firm’s 50-day moving average price is $184.99 and its 200 day moving average price is $173.20.

Credicorp Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 23rd were given 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 53.24%.

Analyst Ratings Changes

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

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.