Waverly Advisors LLC acquired a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,246 shares of the bank's stock, valued at approximately $228,000.
Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Credicorp in the fourth quarter valued at $38,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Credicorp in the fourth quarter valued at $40,000. Quarry LP acquired a new stake in shares of Credicorp in the fourth quarter valued at $47,000. Wells Fargo & Company MN raised its stake in shares of Credicorp by 45.7% in the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after acquiring an additional 217 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Credicorp in the fourth quarter valued at $128,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Stock Performance
Shares of BAP traded up $2.18 during midday trading on Friday, reaching $211.97. 210,655 shares of the stock were exchanged, compared to its average volume of 261,552. The business's 50-day moving average price is $193.72 and its 200 day moving average price is $188.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $211.99. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.56 and a beta of 1.00.
Credicorp Increases Dividend
The company also recently announced an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given 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 boost from Credicorp's previous annual dividend of $2.91. Credicorp's payout ratio is 58.95%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Credicorp from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.
Read Our Latest Research Report on BAP
Credicorp Profile
(
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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