Credicorp Ltd. (NYSE:BAP).
Fisher Asset Management, LLC sold 1,866 shares in the previous quarter decreasing its holdings in Credicorp Ltd. by 0.1%. Its position was valued at $231,397,000 an increase of 9.7% according to the filing.
The following firms have also recently changed their position in BAP. Genesis Asset Managers, Llp expanded its ownership by buying 139,292 shares an increase of 6.6%. Genesis Asset Managers, Llp owns 2,260,335 shares valued at $405,481,000. The total value of its holdings increased 17.1%. As of the end of the quarter Capstone Asset Management Co had disposed of a total of 350 shares trimming its stake by 4.4%. The value of the total investment in Credicorp Ltd. increased from $1,295,000 to $1,360,000 increasing 5.0% for the reporting period.
As of quarter end Xact Kapitalforvaltning Ab had bought 2,000 shares growing its position 15.0%. The value of the investment in (BAP) went from $2,180,000 to $2,754,000 a change of $574,000 quarter over quarter.
On March 24 the company was changed to a “Hold” by Santander which was a cut from the previous “Buy” rating. On March 15 Barclays made no change to the stock rating of “Overweight” and moved up the price target to $149.00 from $146.00.
Scotiabank added the stock to its research portfolio by announcing an initial rating of “Outperform”. February 11 investment analysts at JP Morgan left the company rating at “Neutral” and lowered the price expectation from $179.00 to $168.00.
July 15 investment analysts at JP Morgan made no change to the company rating of “Neutral” but moved up the price target from $173.00 to $175.00. May 12 investment analysts at JP Morgan left the stock rating at “Overweight” but raised the price target from $170.00 to $173.00.
The company is so far trading up from yesterday’s close of $184.52. Additionally Credicorp Ltd. announced a dividend for shareholders paid on Friday May 12th, 2017. The dividend payment was $0.945 per share for the quarter which is $3.78 annualized. This dividend amount was represent a yeild of $2.08. The ex-dividend date was Wednesday the 12th of April 2017.
Shares are trading at $185.92 just above the 50 day moving average of $174.13 and barely above the 200 day moving average of $164.71. The 50 day moving average was up $11.79 or +6.77% whereas the 200 day average was up by +12.88%.
As of the latest earnings report the EPS was $11.51 and is estimated to be $14.22 for the current year with 79,468,000 shares outstanding. Next quarter’s EPS is estimated at $3.62 with next year’s EPS projected to be $16.32.