Nordea Investment Management AB Acquires 8,317 Shares of Credicorp Ltd. (NYSE:BAP)

Nordea Investment Management AB boosted its holdings in shares of Credicorp Ltd. (NYSE:BAPFree Report) by 280.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,285 shares of the bank’s stock after acquiring an additional 8,317 shares during the quarter. Nordea Investment Management AB’s holdings in Credicorp were worth $1,921,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Credicorp by 69.2% during the 4th quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after acquiring an additional 92 shares during the last quarter. Parallel Advisors LLC grew its holdings in Credicorp by 25.2% during the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock worth $101,000 after acquiring an additional 135 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Credicorp by 147.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock worth $111,000 after acquiring an additional 442 shares during the last quarter. Signaturefd LLC grew its holdings in Credicorp by 24.3% during the 4th quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after acquiring an additional 146 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in Credicorp by 25.2% during the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock worth $146,000 after acquiring an additional 196 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Up 0.4 %

Shares of NYSE BAP opened at $169.36 on Thursday. The company has a market capitalization of $12.88 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.52 and a beta of 1.14. Credicorp Ltd. has a 52-week low of $116.42 and a 52-week high of $180.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 1.09. The company’s 50 day moving average price is $164.14 and its 200-day moving average price is $162.66.

Credicorp (NYSE:BAPGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.81. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. Credicorp had a net margin of 19.95% and a return on equity of 15.33%. Equities analysts forecast that Credicorp Ltd. will post 18.76 earnings per share for the current year.

Credicorp Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 20th were given a $9.4084 dividend. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 3.8%. This is an increase from Credicorp’s previous annual dividend of $6.74. Credicorp’s payout ratio is 55.13%.

Credicorp Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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