7,078 Shares in Credicorp Ltd. (NYSE:BAP) Acquired by Seven Eight Capital LP

Seven Eight Capital LP purchased a new stake in Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 7,078 shares of the bank’s stock, valued at approximately $1,142,000.

A number of other large investors also recently made changes to their positions in BAP. Charles Schwab Investment Management Inc. increased its stake in Credicorp by 9.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 70,212 shares of the bank’s stock valued at $10,527,000 after purchasing an additional 6,301 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Credicorp by 7.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,837 shares of the bank’s stock worth $275,000 after acquiring an additional 134 shares during the period. Avantax Advisory Services Inc. acquired a new stake in shares of Credicorp in the fourth quarter worth approximately $213,000. Norges Bank purchased a new stake in Credicorp in the fourth quarter valued at approximately $109,709,000. Finally, US Bancorp DE increased its position in Credicorp by 139.8% during the fourth quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock worth $5,057,000 after purchasing an additional 19,666 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 0.4 %

Shares of BAP opened at $179.40 on Friday. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $182.82. The company’s fifty day moving average is $170.74 and its two-hundred day moving average is $168.13. The firm 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 quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a net margin of 19.31% and a return on equity of 14.86%. Analysts forecast that Credicorp Ltd. will post 18.81 earnings per share for the current year.

Credicorp Cuts Dividend

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