Royal Bank of Canada decreased its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,681,128 shares of the bank's stock after selling 27,068 shares during the quarter. Royal Bank of Canada owned approximately 2.11% of Credicorp worth $308,185,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in BAP. Headlands Technologies LLC purchased a new stake in Credicorp in the 4th quarter worth $38,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Credicorp during the 4th quarter worth about $40,000. MassMutual Private Wealth & Trust FSB lifted its stake in Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock valued at $41,000 after buying an additional 62 shares in the last quarter. Quarry LP purchased a new position in Credicorp in the 4th quarter valued at about $47,000. Finally, Wells Fargo & Company MN boosted its holdings in Credicorp by 45.7% in the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after buying an additional 217 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.
Credicorp Price Performance
NYSE BAP traded up $1.43 during mid-day trading on Wednesday, hitting $200.30. The stock had a trading volume of 365,094 shares, compared to its average volume of 258,648. The firm's 50 day moving average is $191.81 and its 200 day moving average is $187.81. 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 stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 10.89, 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.
Credicorp Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a dividend of $10.9577 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 4.5%. This is a positive change from Credicorp's previous annual dividend of $2.91. Credicorp's payout ratio 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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