Letko Brosseau & Associates Inc. Cuts Stock Position in Credicorp Ltd. (NYSE:BAP)

Letko Brosseau & Associates Inc. trimmed its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,650 shares of the bank's stock after selling 15,200 shares during the quarter. Letko Brosseau & Associates Inc. owned 0.13% of Credicorp worth $18,268,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Credicorp by 37.8% during 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 period. Sanctuary Advisors LLC increased its stake in shares of Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock valued at $283,000 after buying an additional 62 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Credicorp by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank's stock valued at $285,000 after buying an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Credicorp by 4.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock valued at $298,000 after buying an additional 67 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Credicorp by 5.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank's stock valued at $292,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Stock Down 0.9%

Shares of Credicorp stock traded down $1.87 during trading on Friday, hitting $206.65. 367,109 shares of the stock traded hands, compared to its average volume of 257,164. The firm has a market cap of $16.44 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $210.71. The stock's fifty day simple moving average is $191.32 and its 200 day simple moving average is $187.62.

Credicorp Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a $10.9577 dividend. This represents a yield of 4.5%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Credicorp's previous annual dividend of $2.91. Credicorp's payout ratio is 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.