Credicorp Ltd. (NYSE:BAP) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its holdings in Credicorp Ltd. (NYSE:BAP) by 37.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,039 shares of the bank’s stock after purchasing an additional 1,921 shares during the quarter. Wasatch Advisors LP’s holdings in Credicorp were worth $1,193,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAP. PNC Financial Services Group Inc. grew its position in shares of Credicorp by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the bank’s stock worth $276,000 after acquiring an additional 162 shares during the last quarter. Stifel Financial Corp grew its position in shares of Credicorp by 3.9% during the third quarter. Stifel Financial Corp now owns 37,689 shares of the bank’s stock worth $4,823,000 after acquiring an additional 1,405 shares during the last quarter. Northern Trust Corp grew its position in shares of Credicorp by 3.9% during the third quarter. Northern Trust Corp now owns 343,634 shares of the bank’s stock worth $43,975,000 after acquiring an additional 12,933 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Credicorp by 22.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,168 shares of the bank’s stock worth $277,000 after acquiring an additional 404 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Credicorp by 1,519.9% during the third quarter. Qube Research & Technologies Ltd now owns 85,547 shares of the bank’s stock worth $10,947,000 after acquiring an additional 80,266 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

Shares of BAP traded up $2.06 during mid-day trading on Tuesday, reaching $160.15. 193,772 shares of the company’s stock were exchanged, compared to its average volume of 245,000. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $12.74 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.51 and a beta of 1.14. The business’s fifty day simple moving average is $164.60 and its 200-day simple moving average is $162.14. Credicorp Ltd. has a 52-week low of $116.42 and a 52-week high of $180.21.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.81. Credicorp had a return on equity of 15.33% and a net margin of 19.95%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, equities research analysts expect that Credicorp Ltd. will post 18.76 earnings per share for the current year.

Credicorp Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 20th were issued a dividend of $9.4084 per share. The ex-dividend date was Friday, May 17th. This is an increase from Credicorp’s previous annual dividend of $6.74. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio (DPR) is currently 55.13%.

About Credicorp

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.