Silvercrest Asset Management Group LLC purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 71,543 shares of the bank's stock, valued at approximately $13,115,000. Silvercrest Asset Management Group LLC owned approximately 0.09% of Credicorp at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of BAP. Headlands Technologies LLC bought a new stake in Credicorp during the 4th quarter valued at $38,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Credicorp in the fourth quarter valued at $40,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock valued at $41,000 after purchasing an additional 62 shares during the period. Quarry LP purchased a new stake in Credicorp during the 4th quarter worth about $47,000. Finally, Wells Fargo & Company MN lifted its holdings in Credicorp by 45.7% during the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after purchasing an additional 217 shares in the last quarter. 89.81% of the stock is owned by institutional investors.
Credicorp Price Performance
BAP stock traded up $1.43 during mid-day trading on Wednesday, reaching $200.30. 365,094 shares of the company traded hands, compared to its average volume of 258,648. The company has a fifty day moving average price of $191.81 and a 200-day moving average price of $187.81. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $210.71. The company has a market capitalization of $15.93 billion, a P/E ratio of 10.89, 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 current ratio of 1.02 and a quick ratio of 1.07.
Credicorp Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a $10.9577 dividend. This is a positive change from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. The ex-dividend date is Monday, May 19th. Credicorp's dividend payout ratio (DPR) 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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