Inspire Investing LLC Sells 224 Shares of Credicorp Ltd. (NYSE:BAP)

Inspire Investing LLC cut its position in Credicorp Ltd. (NYSE:BAP) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,923 shares of the bank’s stock after selling 224 shares during the quarter. Inspire Investing LLC’s holdings in Credicorp were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BAP. Breakout Capital Partners LP bought a new stake in shares of Credicorp in the fourth quarter worth $15,289,000. US Bancorp DE increased its stake in shares of Credicorp by 139.8% in the fourth quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock valued at $5,057,000 after buying an additional 19,666 shares during the period. Sei Investments Co. increased its stake in shares of Credicorp by 3.9% in the first quarter. Sei Investments Co. now owns 178,776 shares of the bank’s stock valued at $30,291,000 after buying an additional 6,779 shares during the period. Perpetual Ltd raised its position in shares of Credicorp by 413.8% during the first quarter. Perpetual Ltd now owns 43,615 shares of the bank’s stock worth $7,390,000 after acquiring an additional 35,127 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. lifted its stake in shares of Credicorp by 8.7% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 112,200 shares of the bank’s stock worth $16,822,000 after acquiring an additional 9,000 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

NYSE:BAP opened at $179.40 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $182.82. The company has a 50 day simple moving average of $170.74 and a two-hundred day simple moving average of $168.13. The company has a market capitalization of $14.27 billion, a PE ratio of 10.65, a P/E/G ratio of 0.59 and a beta of 1.14.

Credicorp (NYSE:BAP) last announced 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 for the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. Research analysts anticipate that Credicorp Ltd. will post 18.81 earnings per share for the current year.

Credicorp Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, September 23rd will be given a dividend of $2.9084 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a dividend 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.