Shell Asset Management Co. Cuts Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Shell Asset Management Co. decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,329 shares of the bank’s stock after selling 318 shares during the quarter. Shell Asset Management Co.’s holdings in Credicorp were worth $733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Credicorp by 69.2% during the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after purchasing an additional 92 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Credicorp by 25.2% in 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 lifted its holdings in shares of Credicorp by 147.8% in 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 boosted its stake in shares of Credicorp by 24.3% in the 4th quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after purchasing an additional 146 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in shares of Credicorp by 25.2% during the 4th 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. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Credicorp stock opened at $170.11 on Friday. The firm has a fifty day simple moving average of $164.17 and a two-hundred day simple moving average of $164.39. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $180.21. The company has a market capitalization of $13.46 billion, a PE ratio of 10.10, a P/E/G ratio of 0.54 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.71.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.81. Credicorp had a return on equity of 15.33% and a net margin of 19.95%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.36 billion. Research analysts expect that Credicorp Ltd. will post 18.89 EPS for the current year.

Credicorp Increases Dividend

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

Credicorp Company 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.