Van ECK Associates Corp Sells 8,324 Shares of Credicorp Ltd. (NYSE:BAP)

Van ECK Associates Corp lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,075 shares of the bank’s stock after selling 8,324 shares during the period. Van ECK Associates Corp owned approximately 0.11% of Credicorp worth $14,923,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after buying an additional 92 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Credicorp by 25.2% during the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after purchasing an additional 135 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Credicorp by 147.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock worth $111,000 after purchasing an additional 442 shares during the period. Signaturefd LLC raised its position in shares of Credicorp by 24.3% in the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after buying an additional 146 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its stake in Credicorp by 25.2% during the fourth 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 period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Price Performance

Shares of BAP stock traded up $0.35 during trading on Friday, hitting $162.38. The company had a trading volume of 82,895 shares, compared to its average volume of 243,021. The stock’s 50-day moving average is $164.18 and its two-hundred day moving average is $162.21. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.52 and a beta of 1.14. Credicorp Ltd. has a 52 week low of $116.42 and a 52 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.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, May 9th. The bank reported $5.06 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.81. The company had revenue of $1.30 billion for 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%. As a group, analysts predict that Credicorp Ltd. will post 18.76 EPS for the current fiscal year.

Credicorp Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 20th were issued a $9.4084 dividend. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 3.8%. This is an increase from Credicorp’s previous annual dividend of $6.74. Credicorp’s payout ratio is currently 55.07%.

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.