AQR Capital Management LLC Acquires 119 Shares of Credicorp Ltd. (NYSE:BAP)

AQR Capital Management LLC raised its stake in Credicorp Ltd. (NYSE:BAP) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,275 shares of the bank’s stock after buying an additional 119 shares during the period. AQR Capital Management LLC owned 0.13% of Credicorp worth $16,512,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Simplicity Wealth LLC grew its holdings 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 purchasing an additional 70 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Credicorp by 7.8% in the first quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock valued at $178,000 after buying an additional 76 shares during the period. Atlas Capital Advisors LLC raised its position 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 acquiring an additional 89 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Credicorp by 4.3% in the second quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock worth $492,000 after acquiring an additional 126 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Credicorp by 25.2% in the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after acquiring an additional 135 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Up 1.0 %

Credicorp stock opened at $182.83 on Wednesday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.60 and a beta of 1.14. Credicorp Ltd. has a 52-week low of $116.42 and a 52-week high of $186.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average price of $171.88 and a two-hundred day moving average price of $168.35.

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%. Equities analysts predict that Credicorp Ltd. will post 18.86 EPS for the current year.

Credicorp Cuts Dividend

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