Silvercrest Asset Management Group LLC Acquires Shares of 71,543 Credicorp Ltd. (NYSE:BAP)

Silvercrest Asset Management Group LLC bought a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 71,543 shares of the bank's stock, valued at approximately $13,115,000. Silvercrest Asset Management Group LLC owned about 0.09% of Credicorp as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAP. MassMutual Private Wealth & Trust FSB lifted its position in shares of Credicorp by 37.8% in the fourth 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 during the last quarter. Sanctuary Advisors LLC raised its stake in Credicorp by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock valued at $283,000 after acquiring an additional 62 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Credicorp by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank's stock valued at $285,000 after purchasing an additional 63 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Credicorp by 4.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock worth $298,000 after purchasing an additional 67 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Credicorp by 5.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank's stock worth $292,000 after purchasing an additional 76 shares during the period. Institutional investors own 89.81% of the company's stock.

Credicorp Stock Performance

Shares of BAP traded up $0.60 during trading hours on Friday, hitting $205.02. The company had a trading volume of 62,816 shares, compared to its average volume of 296,163. The business has a fifty day moving average of $192.30 and a 200-day moving average of $188.05. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 11.15, a PEG 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.

Credicorp Increases Dividend

The company also recently announced 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 an increase from Credicorp's previous annual dividend of $2.91. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio is presently 59.22%.

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.