JPMorgan Chase & Co. Issues Positive Forecast for Credicorp (NYSE:BAP) Stock Price

Credicorp (NYSE:BAP) had its price target boosted by JPMorgan Chase & Co. from $200.00 to $219.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the bank’s stock.

Separately, The Goldman Sachs Group boosted their target price on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

Credicorp Stock Up 2.0 %

NYSE:BAP opened at $192.31 on Tuesday. Credicorp has a 12 month low of $122.72 and a 12 month high of $193.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day simple moving average of $182.44 and a two-hundred day simple moving average of $172.05.

Credicorp Cuts Dividend

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

Institutional Investors Weigh In On Credicorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. bought a new stake in Credicorp during the third quarter worth $58,000. Headlands Technologies LLC purchased a new position in Credicorp during the 2nd quarter worth $84,000. Atlas Capital Advisors LLC grew its stake in shares of Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after acquiring an additional 89 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Credicorp in the second quarter valued at about $210,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Credicorp during the third quarter valued at about $216,000. 89.81% of the stock is owned by institutional investors.

Credicorp Company 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.