Anderson Hoagland & Co. Has $856,000 Position in Credicorp Ltd. (BAP)
Anderson Hoagland & Co. boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 23.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,240 shares of the bank’s stock after buying an additional 1,000 shares during the period. Anderson Hoagland & Co.’s holdings in Credicorp were worth $856,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dumac Inc. purchased a new position in shares of Credicorp during the fourth quarter worth $130,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Credicorp during the fourth quarter worth $178,000. Parametrica Management Ltd purchased a new position in shares of Credicorp during the first quarter worth $329,000. Fred Alger Management Inc. purchased a new position in shares of Credicorp during the fourth quarter worth $347,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Credicorp during the first quarter worth $376,000. Institutional investors own 63.91% of the company’s stock.
Credicorp Ltd. (NYSE:BAP) traded down 1.411% on Friday, hitting $153.365. The stock had a trading volume of 83,306 shares. Credicorp Ltd. has a one year low of $133.66 and a one year high of $173.80. The stock’s 50 day moving average is $161.25 and its 200 day moving average is $158.74. The stock’s market cap is $12.19 billion.
The company also recently disclosed an annual dividend, which will be paid on Friday, May 12th. Stockholders of record on Tuesday, April 18th will be issued a $3.7637 dividend. This represents a dividend yield of 2.27%. This is an increase from Credicorp’s previous annual dividend of $2.32. The ex-dividend date is Thursday, April 13th. Credicorp’s dividend payout ratio (DPR) is 17.79%.
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A number of brokerages have weighed in on BAP. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a report on Tuesday. Credit Suisse Group AG restated a “buy” rating and issued a $196.00 price objective on shares of Credicorp in a report on Wednesday, February 8th.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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