Credicorp Ltd. (NYSE:BAP) Stock Holdings Lessened by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Credicorp Ltd. (NYSE:BAP) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,665 shares of the bank’s stock after selling 491 shares during the period. PNC Financial Services Group Inc.’s holdings in Credicorp were worth $250,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Breakout Capital Partners LP bought a new position in shares of Credicorp in the fourth quarter valued at $15,289,000. WCM Investment Management LLC raised its stake in Credicorp by 1,723.7% during the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock valued at $45,832,000 after purchasing an additional 287,052 shares during the period. US Bancorp DE raised its stake in Credicorp by 139.8% during the 4th quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock valued at $5,057,000 after purchasing an additional 19,666 shares during the period. Jump Financial LLC raised its stake in Credicorp by 355.3% during the 4th quarter. Jump Financial LLC now owns 17,300 shares of the bank’s stock valued at $2,594,000 after purchasing an additional 13,500 shares during the period. Finally, LA Financiere DE L Echiquier raised its stake in 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 purchasing an additional 5,841 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of NYSE:BAP opened at $158.04 on Tuesday. The company’s fifty day moving average is $164.78 and its two-hundred day moving average is $162.02. 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 Ltd. has a 12-month low of $116.42 and a 12-month high of $180.21. The company has a market cap of $12.57 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.51 and a beta of 1.14.

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 the consensus estimate of $4.25 by $0.81. Credicorp had a net margin of 19.95% and a return on equity of 15.33%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. Equities analysts expect that Credicorp Ltd. will post 18.76 earnings per share for the current fiscal year.

Credicorp Increases Dividend

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