Ethic Inc. grew its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,762 shares of the bank's stock after purchasing an additional 1,936 shares during the period. Ethic Inc.'s holdings in Credicorp were worth $1,423,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of BAP. Itau Unibanco Holding S.A. increased its stake 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 worth $290,920,000 after purchasing an additional 1,217,368 shares during the period. Norges Bank purchased a new stake in Credicorp during the fourth quarter worth about $84,213,000. Price T Rowe Associates Inc. MD increased its stake in Credicorp by 59.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock worth $138,824,000 after purchasing an additional 282,869 shares during the period. Canada Pension Plan Investment Board raised its holdings in Credicorp by 130.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank's stock valued at $90,657,000 after acquiring an additional 280,361 shares in the last quarter. Finally, GQG Partners LLC acquired a new stake in Credicorp in the fourth quarter valued at approximately $40,187,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Credicorp Stock Down 0.9%
NYSE:BAP traded down $1.87 during mid-day trading on Friday, hitting $206.65. The stock had a trading volume of 367,109 shares, compared to its average volume of 257,336. The stock has a 50-day simple moving average of $191.32 and a two-hundred day simple moving average of $187.65. The company has a market capitalization of $16.44 billion, a PE ratio of 11.24, a PEG ratio of 0.56 and a beta of 1.00. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month 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.
Credicorp Increases Dividend
The company 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 $10.9577 dividend. This is a boost from Credicorp's previous annual dividend of $2.91. The ex-dividend date is Monday, May 19th. This represents a yield of 4.5%. Credicorp's dividend payout ratio (DPR) 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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