Credicorp Ltd. (NYSE:BAP) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC cut its holdings in Credicorp Ltd. (NYSE:BAP) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,900 shares of the bank’s stock after selling 1,100 shares during the quarter. Deltec Asset Management LLC’s holdings in Credicorp were worth $1,338,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Breakout Capital Partners LP purchased a new position in shares of Credicorp during the 4th quarter worth approximately $15,289,000. WCM Investment Management LLC grew its stake in shares of Credicorp by 1,723.7% during the fourth quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock valued at $45,832,000 after acquiring an additional 287,052 shares in the last quarter. US Bancorp DE grew its position in shares of Credicorp by 139.8% during the fourth quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock worth $5,057,000 after buying an additional 19,666 shares in the last quarter. Jump Financial LLC lifted its position in shares of Credicorp by 355.3% during the fourth quarter. Jump Financial LLC now owns 17,300 shares of the bank’s stock worth $2,594,000 after purchasing an additional 13,500 shares during the last quarter. Finally, LA Financiere DE L Echiquier raised its position in shares of Credicorp by 20.3% during the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock valued at $5,199,000 after acquiring an additional 5,841 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Performance

BAP stock traded up $2.25 during midday trading on Friday, reaching $161.33. The company had a trading volume of 220,537 shares, compared to its average volume of 262,793. The firm has a market capitalization of $12.83 billion, a PE ratio of 9.57, a P/E/G ratio of 0.51 and a beta of 1.13. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $180.21. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $164.78 and a 200 day moving average price of $162.02.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.36 billion. Analysts anticipate that Credicorp Ltd. will post 18.76 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. Investors of record on Monday, May 20th were paid a $9.4084 dividend. This is an increase from Credicorp’s previous annual dividend of $6.74. This represents a yield of 3.8%. The ex-dividend date was Friday, May 17th. Credicorp’s dividend payout ratio is currently 55.13%.

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.