Dodge & Cox Reduces $176M in Credicorp Ltd. ($BAP)

Dodge & Cox has trimmed its stake in Credicorp Ltd. (NYSE:BAP) by 11.9%, according to its latest Form 13F filing with the SEC. The fund sold 460,765 shares, reducing its holdings to 3,410,175 shares valued at approximately $1.32 billion as of the reporting period.

What Changed in Dodge & Cox's Credicorp Position

Dodge & Cox's decision to cut its position in Credicorp Ltd. reflects a reduction of 460,765 shares, bringing their total to 3,410,175 shares. This adjustment represents an 11.9% decrease in their stake, with the remaining shares valued at about $1.32 billion.

Other Institutional Activity in Credicorp Ltd.

BlackRock, Inc. increased its holdings in Credicorp by 706,477 shares, finishing with 4,755,303 shares worth around $1.61 billion. Capital World Investors also ramped up its position, adding 1,710,995 shares to hold 3,906,399 shares valued at $1.32 billion. Meanwhile, FMR LLC reduced its stake by 185,218 shares, now holding 3,272,014 shares valued at approximately $1.11 billion. Massachusetts Financial Services Co. also trimmed its position, cutting 79,176 shares to hold 2,787,217 shares valued at $952 million. Baillie Gifford & Co notably increased its position by 1,296,605 shares, holding 2,729,498 shares valued at $925.8 million.

Credicorp Ltd. Stock Snapshot

Shares of NYSE:BAP are trading near $386.94. Credicorp Ltd. boasts a market cap of roughly $30.74 billion and a P/E ratio of 14.81. The stock's 52-week low is $213.75, and its high is $396.03. It has a 50-day moving average of $335.82 and a 200-day moving average of $305.54. The company's beta is 0.862, indicating lower volatility compared to the market.

Recent Earnings

Credicorp Ltd. reported revenue of $21.92 billion, with a revenue growth rate of 25.6%. The company achieved a net margin of 32.9% and a return on equity of 19.15%. The next earnings release is scheduled for August 13, 2026.

Dividend

Credicorp Ltd. pays an annual dividend rate of $14.41, yielding 3.96% with a payout ratio of 45.11%. The stock's ex-dividend date was not specified in the data.

Insider Buying and Selling at Credicorp Ltd.

Recent insider transactions include Diego Antonio Cavero, CEO Head of Universal Banking, selling 3,500 shares at an average price of $319 on June 5, 2026. Additionally, CFO Alejandro Perez-Reyes sold 1,073 shares at $337.50 on May 21, 2026. Neither transaction was part of a planned sale.

Analysts Set New Price Targets

On June 17, 2026, Morgan Stanley upgraded Credicorp Ltd. to a 'buy' rating with a price target of $480. JP Morgan maintained its 'buy' rating with a $415 target on May 28, 2026, while UBS also maintained a 'buy' rating with a $412 target on May 26, 2026. HSBC upgraded the stock to 'buy' with a $350 target on May 19, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $386.09 from 13 opinions.

About Credicorp Ltd.

Credicorp Ltd., headquartered in Lima, Peru, is a leading financial services company operating in several countries, including Peru, Colombia, and the United States. It provides a wide range of banking services through various segments like Universal Banking, Insurance, Medical Services, and Investment Management. The company, led by CEO Gianfranco Piero Dario Ferrari de Las Casas, employs over 51,000 people and offers services ranging from credit and deposit management to insurance and investment advisory.

Bottom Line

Dodge & Cox's reduction in Credicorp Ltd. shares is part of its regular portfolio adjustments. While filings like these reflect past positions, they offer insight into institutional sentiment. Investors often monitor such moves to gauge potential market trends, though they should consider broader market conditions and company fundamentals before making decisions.