Thornburg Investment Management Inc. Has $8.27 Million Stake in Credicorp Ltd. (NYSE:BAP)

Thornburg Investment Management Inc. trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,103 shares of the bank’s stock after selling 84 shares during the period. Thornburg Investment Management Inc.’s holdings in Credicorp were worth $8,268,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Silvercrest Asset Management Group LLC bought a new stake in shares of Credicorp during the fourth quarter worth approximately $13,115,000. Raiffeisen Bank International AG bought a new stake in shares of Credicorp during the fourth quarter worth approximately $3,357,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Credicorp during the fourth quarter worth approximately $40,000. Point72 Asset Management L.P. bought a new stake in shares of Credicorp during the fourth quarter worth approximately $128,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Credicorp during the fourth quarter worth approximately $857,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Down 0.9%

Shares of NYSE BAP opened at $206.65 on Friday. The stock has a market cap of $16.44 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.56 and a beta of 1.00. The firm has a 50 day moving average price of $191.32 and a 200 day moving average price of $187.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. 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 issued a dividend of $10.9577 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 4.5%. This is a boost from Credicorp’s previous annual dividend of $2.91. Credicorp’s payout ratio is currently 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.