Deutsche Bank AG reduced its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,970 shares of the bank's stock after selling 6,100 shares during the quarter. Deutsche Bank AG owned approximately 0.14% of Credicorp worth $20,343,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Credicorp during the 4th quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after purchasing an additional 62 shares during the period. Quarry LP purchased a new stake in shares of Credicorp in the fourth quarter worth $47,000. Wells Fargo & Company MN raised its position in shares of Credicorp by 45.7% during the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after purchasing an additional 217 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Credicorp during the 4th quarter valued at $172,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Credicorp Price Performance
BAP stock traded up $2.15 during trading on Tuesday, reaching $195.65. The company's stock had a trading volume of 41,701 shares, compared to its average volume of 256,675. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company's fifty day moving average is $191.53 and its 200-day moving average is $187.73. The company has a market capitalization of $15.56 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $210.71.
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 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 currently 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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