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 Video: What is a Stock Split?
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| CrediCorp is a financial services holding company. Through its subsidiaries, Co. operates primarily through its lines of business, including: Universal Banking, which includes the operations related to the granting of various credits and financial instruments to individuals and legal entities; Microfinance, which includes the management of loans, credits, deposits and current accounts of the small and microenterprises; and Investment Banking and Wealth Management, which includes brokerage service and investment management services provided to clientele that includes corporations, institutional investors, governments and foundations. According to our BAP split history records, CrediCorp has had 4 splits. | |
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CrediCorp (BAP) has 4 splits in our BAP split history database. The first split for BAP took place on April 19, 1996. This was a 1175 for 1000
split, meaning for each 1000
shares of BAP owned pre-split, the shareholder now owned 1175 shares. For example, a 1000 share position pre-split, became a 1175 share position following the split. BAP's second split took place on April 29, 1997. This was a 6 for 5
split, meaning for each 5
shares of BAP owned pre-split, the shareholder now owned 6 shares. For example, a 1175 share position pre-split, became a 1410 share position following the split. BAP's third split took place on March 27, 1998. This was a 11 for 10
split, meaning for each 10
shares of BAP owned pre-split, the shareholder now owned 11 shares. For example, a 1410 share position pre-split, became a 1551 share position following the split. BAP's 4th split took place on April 16, 2014. This was a 1039 for 1000 split, meaning for each 1000 shares of BAP owned pre-split, the shareholder now owned 1039 shares. For example, a 1551 share position pre-split, became a 1611.489 share position following the split.
When a company such as CrediCorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the BAP split history from start to finish, an original position size of 1000 shares would have turned into 1611.489 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CrediCorp shares, starting with a $10,000 purchase of BAP, presented on a split-history-adjusted basis factoring in the complete BAP split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$155.76 |
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| End price/share: |
$124.28 |
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| Starting shares: |
64.20 |
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| Ending shares: |
70.75 |
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| Dividends reinvested/share: |
$15.81 |
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| Total return: |
-12.07% |
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| Average Annual Total Return: |
-1.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,791.58 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/27/2013 |
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| End date: |
03/24/2023 |
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| Start price/share: |
$155.76 |
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| End price/share: |
$124.28 |
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| Dividends collected/share: |
$15.81 |
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| Total return: |
-10.06% |
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| Average Annual Total Return: |
-1.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,998.51 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/19/1996 | 1175 for 1000
| | 04/29/1997 | 6 for 5
| | 03/27/1998 | 11 for 10
| | 04/16/2014 | 1039 for 1000 |
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