University of Texas Texas AM Investment Management Co. Decreases Stock Holdings in Credicorp Ltd. (NYSE:BAP)

University of Texas Texas AM Investment Management Co. decreased its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 81.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 846 shares of the bank's stock after selling 3,623 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Credicorp were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Credicorp by 5.7% during the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock worth $667,801,000 after buying an additional 196,197 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Credicorp by 243.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after purchasing an additional 1,217,368 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Credicorp by 4.7% during the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock worth $199,697,000 after purchasing an additional 49,031 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Credicorp by 5.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock worth $198,092,000 after purchasing an additional 53,746 shares during the last quarter. Finally, ARGA Investment Management LP lifted its position in shares of Credicorp by 0.9% during the 4th quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock worth $145,664,000 after purchasing an additional 6,864 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Stock Performance

NYSE BAP traded up $0.92 during trading on Thursday, reaching $209.39. The company's stock had a trading volume of 166,993 shares, compared to its average volume of 260,183. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $210.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The business's fifty day moving average price is $193.37 and its 200-day moving average price is $188.69. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.56 and a beta of 1.00.

Credicorp Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be paid a dividend of $10.9577 per share. This represents a dividend yield of 4.5%. 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. Credicorp's payout ratio is 58.95%.

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 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.