William Blair Investment Management LLC Purchases 187,640 Shares of Credicorp Ltd. (NYSE:BAP)

William Blair Investment Management LLC increased its position in shares of Credicorp Ltd. (NYSE:BAP) by 203.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 279,665 shares of the bank’s stock after acquiring an additional 187,640 shares during the period. William Blair Investment Management LLC owned about 0.35% of Credicorp worth $47,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAP. CWM LLC grew its position in Credicorp by 69.2% during the 4th quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after acquiring an additional 92 shares during the last quarter. Parallel Advisors LLC grew its position in Credicorp by 25.2% during the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock worth $101,000 after acquiring an additional 135 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Credicorp by 147.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock worth $111,000 after acquiring an additional 442 shares during the last quarter. Signaturefd LLC grew its position in shares of Credicorp by 24.3% in the 4th quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after buying an additional 146 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its position in shares of Credicorp by 25.2% in the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after buying an additional 196 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Up 0.2 %

Shares of NYSE BAP traded up $0.31 during trading on Wednesday, reaching $171.38. The company had a trading volume of 155,172 shares, compared to its average volume of 242,112. The company’s fifty day moving average price is $164.28 and its 200-day moving average price is $163.26. Credicorp Ltd. has a 12 month low of $116.42 and a 12 month high of $180.21. The stock has a market cap of $13.43 billion, a P/E ratio of 10.14, a PEG ratio of 0.54 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.71.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, May 9th. The bank reported $5.06 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.81. Credicorp had a return on equity of 15.33% and a net margin of 19.95%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.36 billion. As a group, research analysts expect that Credicorp Ltd. will post 18.76 earnings per share for the current year.

Credicorp Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 20th were given a $9.4084 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Friday, May 17th. This is a positive change from Credicorp’s previous annual dividend of $6.74. 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.