Point72 Hong Kong Ltd purchased a new position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,674 shares of the bank's stock, valued at approximately $857,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Credicorp in the 4th quarter valued at $38,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after acquiring an additional 62 shares during the period. Quarry LP acquired a new stake in Credicorp in the fourth quarter valued at $47,000. Wells Fargo & Company MN increased its holdings in Credicorp by 45.7% during the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after acquiring an additional 217 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Credicorp during the 4th quarter worth approximately $172,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Credicorp Price Performance
Shares of NYSE:BAP traded down $13.06 on Monday, hitting $193.48. The company had a trading volume of 294,904 shares, compared to its average volume of 257,487. The company has a market cap of $15.39 billion, a PE ratio of 10.52, a PEG 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. The business has a 50 day moving average of $191.32 and a 200 day moving average of $187.65. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $210.71.
Credicorp Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be paid a dividend of $10.9577 per share. This is an increase from Credicorp's previous annual dividend of $2.91. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio is presently 59.22%.
Credicorp Company Profile
(
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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