4,775 Shares in Credicorp Ltd. (NYSE:BAP) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new position in Credicorp Ltd. (NYSE:BAP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,775 shares of the bank’s stock, valued at approximately $770,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in Credicorp by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,029,014 shares of the bank’s stock worth $488,671,000 after acquiring an additional 25,972 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Credicorp by 22.0% during the second quarter. Baillie Gifford & Co. now owns 1,632,852 shares of the bank’s stock worth $263,428,000 after purchasing an additional 294,596 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Credicorp by 3.9% during the first quarter. Pzena Investment Management LLC now owns 933,764 shares of the bank’s stock worth $158,208,000 after purchasing an additional 35,167 shares in the last quarter. ARGA Investment Management LP raised its holdings in Credicorp by 5.1% during the first quarter. ARGA Investment Management LP now owns 769,315 shares of the bank’s stock worth $130,345,000 after purchasing an additional 37,370 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Credicorp by 1.4% during the first quarter. Vanguard Group Inc. now owns 753,205 shares of the bank’s stock worth $127,616,000 after purchasing an additional 10,527 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 1.0 %

BAP stock opened at $182.83 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $186.36. The company’s 50 day moving average is $171.88 and its two-hundred day moving average is $168.35. The stock has a market cap of $14.54 billion, a P/E ratio of 10.85, a PEG ratio of 0.60 and a beta of 1.14.

Credicorp (NYSE:BAP) last released its quarterly earnings data 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 company 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%. Research analysts expect that Credicorp Ltd. will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be issued a $2.9084 dividend. 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%.

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.