Bank of America Corp DE Sells 90,239 Shares of Credicorp Ltd. (NYSE:BAP)

Bank of America Corp DE cut its position in Credicorp Ltd. (NYSE:BAP) by 26.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 257,130 shares of the bank’s stock after selling 90,239 shares during the period. Bank of America Corp DE’s holdings in Credicorp were worth $47,137,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BAP. Barclays PLC raised its holdings in Credicorp by 3.3% in the third quarter. Barclays PLC now owns 218,733 shares of the bank’s stock worth $39,584,000 after purchasing an additional 6,988 shares in the last quarter. Aprio Wealth Management LLC bought a new position in Credicorp in the fourth quarter worth about $200,000. Board of the Pension Protection Fund bought a new position in Credicorp in the fourth quarter worth about $422,000. Park Avenue Securities LLC bought a new position in Credicorp in the fourth quarter worth about $238,000. Finally, Ritholtz Wealth Management raised its holdings in Credicorp by 29.2% in the fourth quarter. Ritholtz Wealth Management now owns 9,014 shares of the bank’s stock worth $1,652,000 after purchasing an additional 2,037 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Price Performance

Shares of BAP stock opened at $207.09 on Thursday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $208.21. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The stock’s 50-day simple moving average is $190.24 and its 200-day simple moving average is $187.38.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, equities analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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 paid a dividend of $10.9577 per share. This is a positive change 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 presently 59.22%.

Credicorp Company 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.