DNB Asset Management AS Raises Holdings in Credicorp Ltd. (NYSE:BAP)

DNB Asset Management AS grew its position in shares of Credicorp Ltd. (NYSE:BAP) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,720 shares of the bank’s stock after acquiring an additional 3,027 shares during the quarter. DNB Asset Management AS’s holdings in Credicorp were worth $4,795,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BAP. Swedbank AB purchased a new position in Credicorp in the first quarter valued at approximately $7,269,000. Virtu Financial LLC acquired a new stake in Credicorp in the 1st quarter valued at $446,000. LBP AM SA raised its position in Credicorp by 14.2% in the first quarter. LBP AM SA now owns 2,249 shares of the bank’s stock valued at $381,000 after purchasing an additional 279 shares during the period. Tidal Investments LLC purchased a new stake in shares of Credicorp in the first quarter worth about $223,000. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of Credicorp in the first quarter valued at about $384,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Up 2.1 %

Credicorp stock opened at $163.51 on Wednesday. Credicorp Ltd. has a one year low of $116.42 and a one year high of $180.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day moving average price is $164.44 and its 200 day moving average price is $165.51.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, May 9th. The bank reported $5.06 EPS for the quarter, beating the consensus estimate of $4.25 by $0.81. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Credicorp had a return on equity of 15.33% and a net margin of 19.95%. Research analysts forecast that Credicorp Ltd. will post 18.89 earnings per share for the current fiscal year.

Credicorp Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, June 14th. Shareholders 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 payout ratio is presently 55.13%.

Credicorp 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.