Driehaus Capital Management LLC Acquires 158,175 Shares of Credicorp Ltd. (NYSE:BAP)

Driehaus Capital Management LLC lifted its holdings in Credicorp Ltd. (NYSE:BAP) by 78.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 358,784 shares of the bank’s stock after purchasing an additional 158,175 shares during the quarter. Driehaus Capital Management LLC owned about 0.45% of Credicorp worth $57,883,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Simplicity Wealth LLC increased its position in shares of Credicorp by 2.5% during 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 in the last quarter. Janiczek Wealth Management LLC raised its stake in shares of Credicorp by 7.8% in 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 during the period. Atlas Capital Advisors LLC grew its holdings in shares of Credicorp by 14.9% during 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 in the last quarter. Crossmark Global Holdings Inc. raised its position in Credicorp by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock valued at $492,000 after buying an additional 126 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Credicorp by 25.2% in the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after acquiring an additional 135 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Performance

Shares of BAP stock opened at $185.00 on Friday. The firm has a market cap of $14.71 billion, a PE ratio of 10.98, a P/E/G ratio of 0.60 and a beta of 1.14. Credicorp Ltd. has a 12 month low of $116.42 and a 12 month high of $186.36. The company’s fifty day simple moving average is $171.52 and its 200-day simple moving average is $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 data on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. Equities research analysts expect that Credicorp Ltd. will post 18.86 EPS for the current fiscal year.

Credicorp Cuts Dividend

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

Credicorp Company 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.