Man Group plc Sells 69,909 Shares of Credicorp Ltd. (NYSE:BAP)

Man Group plc decreased its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 71.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,197 shares of the bank's stock after selling 69,909 shares during the period. Man Group plc's holdings in Credicorp were worth $5,169,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Credicorp by 5.7% in the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock valued at $667,801,000 after acquiring an additional 196,197 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings 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. Ninety One UK Ltd raised its holdings in shares of Credicorp by 4.7% during the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock valued at $199,697,000 after buying an additional 49,031 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Credicorp by 5.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after buying an additional 53,746 shares in the last quarter. Finally, ARGA Investment Management LP raised its holdings in shares of Credicorp by 0.9% during the 4th quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock valued at $145,664,000 after buying an additional 6,864 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a report on Saturday.

Credicorp Stock Up 0.1%

Shares of BAP traded up $0.23 on Friday, reaching $204.65. The stock had a trading volume of 294,014 shares, compared to its average volume of 259,658. The company has a 50-day simple moving average of $192.56 and a 200-day simple moving average of $188.24. The firm has a market capitalization of $16.28 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. 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 quick ratio of 1.07 and a current ratio of 1.02.

Credicorp Increases Dividend

The company also recently disclosed 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. This represents a yield of 4.5%. The ex-dividend date is Monday, May 19th. This is a boost from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio is 58.95%.

Credicorp Company 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.