DNB Asset Management AS Acquires Shares of 25,582 Credicorp Ltd. (NYSE:BAP)

DNB Asset Management AS acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP – Get Rating) in the first quarter, HoldingsChannel.com reports. The firm acquired 25,582 shares of the bank’s stock, valued at approximately $4,397,000.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Credicorp by 50.7% during the 4th quarter. Signaturefd LLC now owns 315 shares of the bank’s stock valued at $38,000 after purchasing an additional 106 shares in the last quarter. Krane Funds Advisors LLC increased its stake in Credicorp by 12.9% during the 4th quarter. Krane Funds Advisors LLC now owns 638 shares of the bank’s stock valued at $78,000 after purchasing an additional 73 shares in the last quarter. JJJ Advisors Inc. increased its stake in Credicorp by 32.5% during the 4th quarter. JJJ Advisors Inc. now owns 648 shares of the bank’s stock valued at $79,000 after purchasing an additional 159 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in shares of Credicorp by 1,857.4% in the fourth quarter. Atlas Capital Advisors LLC now owns 1,057 shares of the bank’s stock worth $129,000 after acquiring an additional 1,003 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in shares of Credicorp in the first quarter worth approximately $223,000.

Shares of BAP stock opened at $124.63 on Thursday. The company has a 50 day moving average price of $135.56 and a 200-day moving average price of $141.39. Credicorp Ltd. has a 52 week low of $88.67 and a 52 week high of $182.11. The firm has a market capitalization of $9.94 billion, a PE ratio of 12.18, a P/E/G ratio of 0.35 and a beta of 0.86. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Credicorp (NYSE:BAP – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The bank reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.04. The company had revenue of $991.96 million for the quarter, compared to the consensus estimate of $1.06 billion. Credicorp had a net margin of 19.55% and a return on equity of 12.12%. Analysts anticipate that Credicorp Ltd. will post 15.72 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 20th were issued a $3.9382 dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 19th. Credicorp’s payout ratio is 39.00%.

Separately, StockNews.com began coverage on shares of Credicorp in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Credicorp Company Profile (Get Rating)

Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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