Swedbank AB Takes Position in Credicorp Ltd. (NYSE:BAP)

Swedbank AB bought a new position in Credicorp Ltd. (NYSE:BAP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 42,900 shares of the bank’s stock, valued at approximately $7,269,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Credicorp in the first quarter worth $446,000. LBP AM SA boosted its stake in shares of Credicorp by 14.2% in the first quarter. LBP AM SA now owns 2,249 shares of the bank’s stock worth $381,000 after buying an additional 279 shares during the last quarter. Tidal Investments LLC acquired a new stake in Credicorp during the first quarter worth about $223,000. Dynasty Wealth Management LLC purchased a new position in Credicorp during the first quarter valued at approximately $384,000. Finally, Magnetar Financial LLC acquired a new position in Credicorp in the first quarter valued at approximately $691,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Credicorp stock traded down $3.73 during mid-day trading on Friday, hitting $162.27. The company had a trading volume of 288,145 shares, compared to its average volume of 217,265. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The company’s fifty day moving average is $164.59 and its 200-day moving average is $165.10. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $180.21.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.81. Credicorp had a net margin of 19.95% and a return on equity of 15.33%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. On average, research analysts expect that Credicorp Ltd. will post 18.89 earnings per share for the current year.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 20th were given a $9.4084 dividend. The ex-dividend date of this dividend was Friday, May 17th. This is a boost from Credicorp’s previous annual dividend of $6.74. This represents a dividend yield of 3.8%. Credicorp’s payout ratio is 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.