Credicorp Ltd. (NYSE:BAP) Position Reduced by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. trimmed its stake in Credicorp Ltd. (NYSE:BAP) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 481,893 shares of the bank’s stock after selling 21,383 shares during the period. Credicorp comprises 3.2% of Itau Unibanco Holding S.A.’s holdings, making the stock its 9th biggest holding. Itau Unibanco Holding S.A. owned about 0.61% of Credicorp worth $74,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Sei Investments Co. boosted its holdings in shares of 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 purchasing an additional 1,935 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in 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 in the last quarter. XTX Topco Ltd lifted its holdings 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 buying an additional 5,871 shares during the period. Seven Eight Capital LP bought a new position in shares of Credicorp during the 2nd quarter worth $1,142,000. Finally, Fourth Sail Capital LP purchased a new position in shares of Credicorp during the second quarter valued at $44,156,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

BAP stock opened at $179.40 on Friday. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $182.82. The business has a 50-day moving average price of $170.74 and a 200 day moving average price of $168.09. The company has a market capitalization of $14.27 billion, a P/E ratio of 10.65, a PEG ratio of 0.59 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02.

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

Credicorp Cuts Dividend

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

Credicorp Profile

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.