Credicorp Ltd. (NYSE:BAP) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,405 shares of the bank’s stock after selling 2,100 shares during the quarter. Handelsbanken Fonder AB owned 0.29% of Credicorp worth $41,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Credicorp during the second quarter worth approximately $84,000. Atlas Capital Advisors LLC boosted its stake in shares of Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after acquiring an additional 89 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings 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 worth $178,000 after acquiring an additional 76 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Credicorp during the second quarter worth $210,000. Finally, Tidal Investments LLC purchased a new stake in shares of Credicorp during the first quarter valued at $223,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Up 1.3 %

Shares of NYSE:BAP traded up $2.35 during midday trading on Friday, reaching $184.02. The company had a trading volume of 291,412 shares, compared to its average volume of 234,379. The company has a fifty day simple moving average of $172.58 and a two-hundred day simple moving average of $168.60. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year 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.

Credicorp (NYSE:BAP) last announced its 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). The firm had revenue of $1.37 billion during 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 predict that Credicorp Ltd. will post 18.86 earnings per share for the current year.

Credicorp Cuts Dividend

The company also recently disclosed 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 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.