Man Group plc Lowers Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Man Group plc lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 71.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,197 shares of the bank’s stock after selling 69,909 shares during the period. Man Group plc’s holdings in Credicorp were worth $5,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Credicorp by 5.7% in the fourth quarter. FMR LLC now owns 3,642,818 shares of the bank’s stock valued at $667,801,000 after acquiring an additional 196,197 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Credicorp by 243.8% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank’s stock valued at $290,920,000 after acquiring an additional 1,217,368 shares during the last quarter. Ninety One UK Ltd boosted its holdings in Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock valued at $199,697,000 after acquiring an additional 49,031 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Credicorp by 5.2% in 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 last quarter. Finally, ARGA Investment Management LP boosted its holdings in Credicorp by 0.9% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of Credicorp stock opened at $198.84 on Wednesday. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $210.71. The stock has a market capitalization of $15.81 billion, a P/E ratio of 10.81, 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’s fifty day moving average price is $191.81 and its 200 day moving average price is $187.81.

Credicorp Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, June 13th. Investors 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. This represents a dividend yield of 4.5%. The ex-dividend date is Monday, May 19th. Credicorp’s dividend payout ratio (DPR) 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.