Credicorp Ltd. (NYSE:BAP) is Itau Unibanco Holding S.A.’s 9th Largest Position

Itau Unibanco Holding S.A. lowered its position in Credicorp Ltd. (NYSE:BAP) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 481,893 shares of the bank’s stock after selling 21,383 shares during the period. Credicorp makes up about 3.2% of Itau Unibanco Holding S.A.’s portfolio, making the stock its 9th largest position. Itau Unibanco Holding S.A.’s holdings in Credicorp were worth $74,390,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BAP. Sei Investments Co. boosted its stake in Credicorp by 1.1% in the second quarter. Sei Investments Co. now owns 180,711 shares of the bank’s stock valued at $29,155,000 after acquiring an additional 1,935 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Credicorp by 144.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 30,100 shares of the bank’s stock valued at $4,856,000 after purchasing an additional 17,800 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Credicorp by 482.4% in the 2nd quarter. XTX Topco Ltd now owns 7,088 shares of the bank’s stock worth $1,144,000 after purchasing an additional 5,871 shares in the last quarter. Seven Eight Capital LP purchased a new position in Credicorp during the 2nd quarter worth $1,142,000. Finally, Fourth Sail Capital LP acquired a new position in Credicorp during the 2nd quarter valued at about $44,156,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 0.4 %

Credicorp stock opened at $179.40 on Friday. Credicorp Ltd. has a one year low of $116.42 and a one year high of $182.82. The stock has a market cap of $14.27 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day moving average of $170.74 and a two-hundred day moving average of $168.09.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing the consensus estimate of $4.64 by ($0.15). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Credicorp had a net margin of 19.31% and a return on equity of 14.86%. On average, research analysts anticipate that Credicorp Ltd. will post 18.81 EPS for the current fiscal year.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be paid a dividend of $2.9084 per share. The ex-dividend date is Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s payout ratio is currently 55.07%.

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.