Employees Retirement System of Texas Sells 10,204 Shares of Credicorp Ltd. (NYSE:BAP)

Employees Retirement System of Texas cut its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 46.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,706 shares of the bank's stock after selling 10,204 shares during the quarter. Employees Retirement System of Texas' holdings in Credicorp were worth $2,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of Credicorp during the 4th quarter valued at about $38,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Credicorp in the fourth quarter worth approximately $40,000. Quarry LP bought a new stake in Credicorp during the fourth quarter valued at approximately $47,000. Wells Fargo & Company MN increased its holdings in Credicorp by 45.7% during the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after buying an additional 217 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Credicorp during the fourth quarter valued at approximately $128,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Credicorp from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

Credicorp Stock Performance

Shares of NYSE:BAP traded up $2.14 during mid-day trading on Friday, reaching $211.93. 637,750 shares of the company traded hands, compared to its average volume of 263,173. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $212.93. The firm has a market cap of $16.86 billion, a PE ratio of 11.52, a PEG ratio of 0.56 and a beta of 1.00. The company's 50 day moving average price is $194.02 and its 200-day moving average price is $189.03. 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 Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be issued a dividend of $10.9577 per share. The ex-dividend date 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 dividend payout ratio (DPR) is currently 58.95%.

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.