Park Avenue Securities LLC Makes New $231,000 Investment in Credicorp Ltd. (NYSE:BAP)

Park Avenue Securities LLC acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,366 shares of the bank’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BAP. PNC Financial Services Group Inc. boosted its position in Credicorp by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the bank’s stock valued at $276,000 after purchasing an additional 162 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Credicorp by 3.9% during the third quarter. Stifel Financial Corp now owns 37,689 shares of the bank’s stock valued at $4,823,000 after buying an additional 1,405 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Credicorp by 3.9% in the 3rd quarter. Northern Trust Corp now owns 343,634 shares of the bank’s stock valued at $43,975,000 after buying an additional 12,933 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Credicorp by 22.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,168 shares of the bank’s stock worth $277,000 after purchasing an additional 404 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Credicorp by 1,519.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 85,547 shares of the bank’s stock worth $10,947,000 after buying an additional 80,266 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

BAP opened at $158.04 on Tuesday. 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 52-week low of $116.42 and a 52-week 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. The firm’s 50-day moving average price is $164.78 and its 200-day moving average price is $162.02.

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. Credicorp had a return on equity of 15.33% and a net margin of 19.95%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.36 billion. As a group, equities analysts anticipate that Credicorp Ltd. will post 18.76 EPS for the current fiscal year.

Credicorp Increases Dividend

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