Wasatch Advisors LP Has $1.19 Million Holdings in Credicorp Ltd. (NYSE:BAP)

Wasatch Advisors LP boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 37.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,039 shares of the bank’s stock after acquiring an additional 1,921 shares during the quarter. Wasatch Advisors LP’s holdings in Credicorp were worth $1,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BAP. CWM LLC increased its position in Credicorp by 69.2% during the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after buying an additional 92 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Credicorp by 25.2% in the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after purchasing an additional 135 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 valued at $111,000 after purchasing an additional 442 shares during the last quarter. Signaturefd LLC grew its position in shares of Credicorp by 24.3% in the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after purchasing an additional 146 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its position in shares of Credicorp by 25.2% in the fourth quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of Credicorp stock traded up $2.06 on Tuesday, hitting $160.15. The stock had a trading volume of 193,772 shares, compared to its average volume of 245,000. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $180.21. The business’s 50 day moving average is $164.60 and its two-hundred day moving average is $162.14. 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 stock has a market cap of $12.74 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 0.51 and a beta of 1.14.

Credicorp (NYSE:BAP) last issued its quarterly 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. The business 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%. Analysts forecast that Credicorp Ltd. will post 18.76 EPS for the current year.

Credicorp Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 20th were paid a $9.4084 dividend. 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 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.