Bank of America Corp DE trimmed its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 257,130 shares of the bank's stock after selling 90,239 shares during the period. Bank of America Corp DE owned 0.32% of Credicorp worth $47,137,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Credicorp in the 4th quarter valued at about $38,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after buying an additional 62 shares in the last quarter. Quarry LP purchased a new stake in shares of Credicorp during the fourth quarter worth about $47,000. Wells Fargo & Company MN grew its holdings in shares of Credicorp by 45.7% during the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after buying an additional 217 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Credicorp during the fourth quarter worth about $172,000. 89.81% of the stock is owned by institutional investors and hedge funds.
Credicorp Trading Up 1.2%
Shares of NYSE BAP traded up $2.29 during midday trading on Tuesday, reaching $195.79. 37,008 shares of the stock were exchanged, compared to its average volume of 256,616. The company has a market capitalization of $15.57 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.56 and a beta of 1.00. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $210.71. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $191.53 and a 200-day moving average price of $187.73.
Credicorp Increases Dividend
The company also recently declared an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a dividend of $10.9577 per share. The ex-dividend date is Monday, May 19th. This is an increase from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. Credicorp's payout ratio is 59.22%.
About Credicorp
(
Free Report)
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.
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