Royal Bank of Canada reduced its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,681,128 shares of the bank's stock after selling 27,068 shares during the period. Royal Bank of Canada owned 2.11% of Credicorp worth $308,185,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Raiffeisen Bank International AG purchased a new position in shares of Credicorp during the fourth quarter valued at approximately $3,357,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Credicorp in the 4th quarter valued at $40,000. Point72 Asset Management L.P. purchased a new position in shares of Credicorp during the 4th quarter worth $128,000. Point72 Hong Kong Ltd acquired a new stake in shares of Credicorp during the fourth quarter worth $857,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of Credicorp by 29.5% during the fourth quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock worth $549,000 after purchasing an additional 682 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Credicorp Trading Up 0.3%
Credicorp stock traded up $0.60 during trading on Friday, hitting $205.02. The company's stock had a trading volume of 62,816 shares, compared to its average volume of 296,163. The stock's fifty day moving average is $192.30 and its 200 day moving average is $188.05. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $210.71. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 0.56 and a beta of 1.00. 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 business also recently declared 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 is a positive change from Credicorp's previous annual dividend of $2.91. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 4.5%. Credicorp's dividend payout ratio is 59.22%.
Credicorp Company 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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