Ethic Inc. Purchases 1,936 Shares of Credicorp Ltd. (NYSE:BAP)

Ethic Inc. grew its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,762 shares of the bank's stock after buying an additional 1,936 shares during the period. Ethic Inc.'s holdings in Credicorp were worth $1,423,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BAP. Itau Unibanco Holding S.A. lifted its position in shares of Credicorp by 243.8% during the 4th 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 in the last quarter. Norges Bank purchased a new position in shares of Credicorp during the 4th quarter valued at about $84,213,000. Price T Rowe Associates Inc. MD lifted its position in shares of Credicorp by 59.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock valued at $138,824,000 after buying an additional 282,869 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Credicorp by 130.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank's stock valued at $90,657,000 after buying an additional 280,361 shares in the last quarter. Finally, GQG Partners LLC purchased a new position in shares of Credicorp during the 4th quarter valued at about $40,187,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Performance

Shares of BAP stock traded down $1.87 during trading hours on Friday, reaching $206.65. 367,109 shares of the company traded hands, compared to its average volume of 256,777. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $210.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company has a market cap of $16.44 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.56 and a beta of 1.00. The firm has a 50-day moving average price of $190.81 and a 200 day moving average price of $187.49.

Credicorp (NYSE:BAP - Get Free Report) last posted 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 return on equity of 16.25% and a net margin of 20.94%. As a group, sell-side analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Credicorp's previous annual dividend of $2.91. This represents a yield of 4.5%. Credicorp's payout ratio 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.