Creative Planning Has $427,000 Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Creative Planning raised its holdings in Credicorp Ltd. (NYSE:BAP) by 37.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,646 shares of the bank’s stock after buying an additional 720 shares during the period. Creative Planning’s holdings in Credicorp were worth $427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAP. Headlands Technologies LLC acquired a new position in shares of Credicorp in the second quarter valued at $84,000. Atlas Capital Advisors LLC increased its position in 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 buying an additional 89 shares during the period. Janiczek Wealth Management LLC grew 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 acquiring an additional 76 shares in the last quarter. Tidal Investments LLC acquired a new stake in Credicorp in the 1st quarter worth about $223,000. Finally, Blue Trust Inc. grew its position in shares of Credicorp by 29.0% during the 2nd quarter. Blue Trust Inc. now owns 1,355 shares of the bank’s stock worth $229,000 after purchasing an additional 305 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price target on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th.

Credicorp Stock Performance

NYSE BAP opened at $182.37 on Wednesday. The firm’s 50 day simple moving average is $174.99 and its 200 day simple moving average is $169.16. 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 1 year low of $116.42 and a 1 year high of $187.70. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 0.62 and a beta of 1.14.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($0.15). Credicorp had a return on equity of 14.86% and a net margin of 19.31%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, research analysts expect that Credicorp Ltd. will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Investors 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 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.