BNP Paribas Financial Markets Grows Stock Position in Credicorp Ltd. (NYSE:BAP)

BNP Paribas Financial Markets boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 119.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,510 shares of the bank's stock after buying an additional 20,960 shares during the period. BNP Paribas Financial Markets' holdings in Credicorp were worth $7,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Artemis Investment Management LLP bought a new stake in shares of Credicorp during the 4th quarter worth $9,349,000. Park Avenue Securities LLC purchased a new stake in Credicorp during the fourth quarter valued at about $238,000. Cerity Partners LLC lifted its stake in Credicorp by 31.8% during the fourth 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. Atomi Financial Group Inc. boosted its holdings in shares of Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after purchasing an additional 260 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Credicorp by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock valued at $283,000 after purchasing an additional 62 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Price Performance

Shares of NYSE BAP traded down $1.87 during trading hours on Friday, reaching $206.65. 367,109 shares of the stock traded hands, compared to its average volume of 256,729. The company's 50-day simple moving average is $190.81 and its two-hundred day simple moving average is $187.49. The company has a market capitalization of $16.44 billion, a P/E ratio of 11.24, a price-to-earnings-growth 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 quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Equities research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

Credicorp Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be issued a dividend of $10.9577 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 4.5%. This is a positive change from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio (DPR) is currently 59.22%.

Credicorp 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.