Lazard Asset Management LLC Purchases 20,785 Shares of Credicorp Ltd. (NYSE:BAP)

Lazard Asset Management LLC boosted its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 747,720 shares of the bank's stock after purchasing an additional 20,785 shares during the period. Lazard Asset Management LLC owned about 0.94% of Credicorp worth $137,070,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BAP. FMR LLC raised its position in Credicorp by 5.7% in the fourth 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 during the period. Itau Unibanco Holding S.A. boosted its position in shares of Credicorp by 243.8% in 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 acquiring an additional 1,217,368 shares during the period. Ninety One UK Ltd increased its holdings in shares of Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock worth $199,697,000 after purchasing an additional 49,031 shares during the period. Pzena Investment Management LLC increased its stake in Credicorp by 5.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock worth $198,092,000 after acquiring an additional 53,746 shares during the last quarter. Finally, ARGA Investment Management LP raised its stake in Credicorp by 0.9% in 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. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

BAP traded up $0.61 during trading on Thursday, reaching $208.52. The stock had a trading volume of 292,046 shares, compared to its average volume of 256,287. The stock has a market cap of $16.58 billion, a PE ratio of 11.34, a PEG ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a one year low of $153.27 and a one year high of $210.35. The business has a 50-day moving average of $190.24 and a 200-day moving average of $187.38.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share 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%. As a group, equities research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Credicorp Increases Dividend

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

About Credicorp

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.