Rhumbline Advisers Has $2.38 Million Position in Credicorp Ltd. (NYSE:BAP)

Rhumbline Advisers decreased its position in Credicorp Ltd. (NYSE:BAP) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,746 shares of the bank’s stock after selling 959 shares during the quarter. Rhumbline Advisers’ holdings in Credicorp were worth $2,379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Breakout Capital Partners LP acquired a new position in Credicorp during the 4th quarter worth $15,289,000. US Bancorp DE increased its stake in shares of Credicorp by 139.8% in the fourth quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock worth $5,057,000 after purchasing an additional 19,666 shares during the period. Sei Investments Co. lifted its position in shares of Credicorp by 3.9% during the 1st quarter. Sei Investments Co. now owns 178,776 shares of the bank’s stock worth $30,291,000 after purchasing an additional 6,779 shares during the last quarter. Perpetual Ltd boosted its stake in Credicorp by 413.8% during the 1st quarter. Perpetual Ltd now owns 43,615 shares of the bank’s stock valued at $7,390,000 after purchasing an additional 35,127 shares during the period. Finally, Letko Brosseau & Associates Inc. boosted its stake in Credicorp by 8.7% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 112,200 shares of the bank’s stock valued at $16,822,000 after purchasing an additional 9,000 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

Shares of NYSE BAP opened at $180.42 on Thursday. Credicorp Ltd. has a 12 month low of $116.42 and a 12 month high of $181.45. The company has a market cap of $14.35 billion, a P/E ratio of 10.71, a P/E/G ratio of 0.59 and a beta of 1.14. The business’s 50 day moving average is $170.35 and its two-hundred day moving average is $167.99. 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 announced its earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) 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 the consensus estimate of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. On average, equities analysts expect that Credicorp Ltd. will post 18.81 EPS for the current year.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be issued a dividend of $2.9084 per share. The ex-dividend date is Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s payout ratio is 55.07%.

About Credicorp

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.