Brandes Investment Partners LP Lowers Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Brandes Investment Partners LP lowered its stake in Credicorp Ltd. (NYSE:BAP) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,027 shares of the bank’s stock after selling 1,437 shares during the period. Brandes Investment Partners LP’s holdings in Credicorp were worth $2,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Simplicity Wealth LLC grew its stake in shares of Credicorp by 2.5% in the second quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock worth $458,000 after acquiring an additional 70 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in Credicorp by 7.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock valued at $178,000 after purchasing an additional 76 shares in the last quarter. Atlas Capital Advisors LLC raised its holdings in Credicorp by 14.9% in the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after buying an additional 89 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Credicorp by 4.3% in the second quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock worth $492,000 after buying an additional 126 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Credicorp by 25.2% during the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after buying an additional 135 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of BAP opened at $181.04 on Tuesday. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $186.36. The company has a market capitalization of $14.40 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14. The firm has a 50 day moving average of $171.66 and a 200 day moving average of $168.28. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($0.15). Credicorp had a return on equity of 14.86% and a net margin of 19.31%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, equities research analysts anticipate that Credicorp Ltd. will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

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