Allspring Global Investments Holdings LLC Has $8.47 Million Holdings in Credicorp Ltd. (NYSE:BAP)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,005 shares of the bank’s stock after selling 6,241 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Credicorp worth $8,473,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BAP. Cerity Partners LLC raised its position in Credicorp by 31.8% in the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank’s stock worth $735,000 after purchasing an additional 977 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Credicorp by 27,522.6% in the first quarter. GAMMA Investing LLC now owns 8,563 shares of the bank’s stock valued at $1,594,000 after acquiring an additional 8,532 shares during the last quarter. Quantinno Capital Management LP increased its position in Credicorp by 29.5% in the fourth quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank’s stock worth $549,000 after purchasing an additional 682 shares during the period. PNC Financial Services Group Inc. increased its position in Credicorp by 5.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank’s stock worth $292,000 after purchasing an additional 76 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Credicorp by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,341 shares of the bank’s stock worth $29,210,000 after purchasing an additional 1,680 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Up 0.5%

Shares of NYSE:BAP opened at $227.25 on Friday. The company has a 50 day moving average price of $211.24 and a two-hundred day moving average price of $193.82. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $18.08 billion, a PE ratio of 12.36, a PEG ratio of 0.83 and a beta of 1.05. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $228.69.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were paid a dividend of $10.9577 per share. This represents a yield of 4.5%. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Credicorp’s previous annual dividend of $2.91. Credicorp’s dividend payout ratio (DPR) is presently 59.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BAP shares. UBS Group reaffirmed a “buy” rating on shares of Credicorp in a research note on Monday, June 2nd. Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $211.00.

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.