BNP Paribas Financial Markets Sells 4,553 Shares of Credicorp Ltd. (NYSE:BAP)

BNP Paribas Financial Markets reduced its stake in shares of Credicorp Ltd. (NYSE:BAP) by 11.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,096 shares of the bank’s stock after selling 4,553 shares during the period. BNP Paribas Financial Markets’ holdings in Credicorp were worth $6,116,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAP. ARGA Investment Management LP bought a new stake in Credicorp during the 4th quarter worth approximately $109,741,000. Norges Bank bought a new stake in Credicorp during the 4th quarter worth approximately $109,709,000. Goldman Sachs Group Inc. increased its holdings in Credicorp by 139.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 741,399 shares of the bank’s stock worth $111,158,000 after purchasing an additional 432,301 shares in the last quarter. WCM Investment Management LLC increased its holdings in Credicorp by 1,723.7% during the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock worth $45,832,000 after purchasing an additional 287,052 shares in the last quarter. Finally, Breakout Capital Partners LP bought a new stake in Credicorp during the 4th quarter worth approximately $15,289,000. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Performance

BAP stock opened at $169.36 on Thursday. The firm has a market cap of $12.88 billion, a PE ratio of 10.05, a P/E/G ratio of 0.52 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. The business has a 50 day moving average of $164.14 and a 200-day moving average of $162.66. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $180.21.

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 the consensus estimate of $4.25 by $0.81. Credicorp had a return on equity of 15.33% and a net margin of 19.95%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.36 billion. As a group, sell-side analysts expect that Credicorp Ltd. will post 18.76 earnings per share for the current year.

Credicorp Increases Dividend

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