Raiffeisen Bank International AG Buys Shares of 18,630 Credicorp Ltd. (NYSE:BAP)

Raiffeisen Bank International AG bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,630 shares of the bank’s stock, valued at approximately $3,357,000.

Several other hedge funds have also bought and sold shares of BAP. Barclays PLC lifted its position in Credicorp by 3.3% during the third quarter. Barclays PLC now owns 218,733 shares of the bank’s stock valued at $39,584,000 after purchasing an additional 6,988 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Credicorp in the 4th quarter worth approximately $238,000. Ritholtz Wealth Management lifted its holdings in shares of Credicorp by 29.2% in the 4th quarter. Ritholtz Wealth Management now owns 9,014 shares of the bank’s stock worth $1,652,000 after acquiring an additional 2,037 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Credicorp in the 4th quarter worth approximately $9,349,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after acquiring an additional 62 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Up 0.3%

Shares of BAP opened at $208.52 on Friday. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $210.71. The firm has a 50 day moving average price of $190.81 and a 200-day moving average price of $187.49.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, equities research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a $10.9577 dividend. This represents a dividend yield of 4.5%. This is a positive change from Credicorp’s previous annual dividend of $2.91. The ex-dividend date is Monday, May 19th. Credicorp’s payout ratio is presently 59.22%.

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.