Point72 Hong Kong Ltd bought a new position in Credicorp Ltd. (NYSE:BAP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,674 shares of the bank's stock, valued at approximately $857,000.
A number of other hedge funds have also modified their holdings of the stock. FMR LLC increased its stake in Credicorp by 5.7% in the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock worth $667,801,000 after purchasing an additional 196,197 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Credicorp by 243.8% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after buying an additional 1,217,368 shares during the period. Ninety One UK Ltd increased its position in shares of Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock worth $199,697,000 after acquiring an additional 49,031 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Credicorp by 5.2% during the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after acquiring an additional 53,746 shares during the period. Finally, ARGA Investment Management LP lifted its position in shares of Credicorp by 0.9% in the 4th quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock valued at $145,664,000 after acquiring an additional 6,864 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Trading Up 1.1%
Credicorp stock traded up $2.10 during midday trading on Wednesday, reaching $200.97. The stock had a trading volume of 153,722 shares, compared to its average volume of 257,733. 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 current ratio of 1.02 and a quick ratio of 1.07. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.56 and a beta of 1.00. The firm's fifty day simple moving average is $191.81 and its two-hundred day simple moving average is $187.81.
Credicorp Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a dividend of $10.9577 per share. 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 payout ratio is currently 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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