PGGM Investments Reduces Position in Credicorp Ltd. (NYSE:BAP)

PGGM Investments lowered its position in Credicorp Ltd. (NYSE:BAP) by 58.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,221 shares of the bank’s stock after selling 3,146 shares during the quarter. PGGM Investments’ holdings in Credicorp were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. LA Financiere DE L Echiquier increased its position in Credicorp by 20.3% in the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock valued at $5,199,000 after acquiring an additional 5,841 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Credicorp by 151.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,039 shares of the bank’s stock valued at $755,000 after purchasing an additional 3,032 shares during the period. Janiczek Wealth Management LLC increased its holdings 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 period. NewEdge Wealth LLC raised its stake in shares of Credicorp by 19.6% during the fourth quarter. NewEdge Wealth LLC now owns 3,330 shares of the bank’s stock worth $499,000 after purchasing an additional 545 shares during the last quarter. Finally, Simplicity Solutions LLC acquired a new stake in shares of Credicorp during the fourth quarter worth $419,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Price Performance

Shares of BAP opened at $162.27 on Friday. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $180.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09. The company’s fifty day moving average is $164.59 and its two-hundred day moving average is $165.20.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.81. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Credicorp had a net margin of 19.95% and a return on equity of 15.33%. On average, analysts forecast that Credicorp Ltd. will post 18.89 earnings per share for the current fiscal year.

Credicorp Increases Dividend

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