Bank of America Corp DE Sells 90,239 Shares of Credicorp Ltd. (NYSE:BAP)

Bank of America Corp DE decreased its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 26.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 257,130 shares of the bank's stock after selling 90,239 shares during the period. Bank of America Corp DE owned approximately 0.32% of Credicorp worth $47,137,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BAP. FMR LLC increased its stake in shares of Credicorp by 5.7% in the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock worth $667,801,000 after acquiring an additional 196,197 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in Credicorp by 243.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock valued at $290,920,000 after buying an additional 1,217,368 shares during the period. Ninety One UK Ltd grew its position in Credicorp by 4.7% during the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock valued at $199,697,000 after buying an additional 49,031 shares during the period. Pzena Investment Management LLC lifted its holdings in Credicorp by 5.2% during the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after purchasing an additional 53,746 shares in the last quarter. Finally, ARGA Investment Management LP lifted its holdings in Credicorp by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock valued at $145,664,000 after purchasing an additional 6,864 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Price Performance

NYSE:BAP traded down $1.87 during trading hours on Friday, hitting $206.65. 367,109 shares of the stock traded hands, compared to its average volume of 257,336. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $210.71. The stock has a 50 day moving average price of $191.32 and a 200 day moving average price of $187.63.

Credicorp Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a dividend of $10.9577 per share. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 4.5%. This is a boost from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio (DPR) is presently 59.22%.

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.