XTX Topco Ltd Buys 5,871 Shares of Credicorp Ltd. (NYSE:BAP)

XTX Topco Ltd grew its stake in Credicorp Ltd. (NYSE:BAP) by 482.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,088 shares of the bank’s stock after acquiring an additional 5,871 shares during the period. XTX Topco Ltd’s holdings in Credicorp were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Credicorp in the second quarter valued at approximately $84,000. Parallel Advisors LLC increased its stake in shares of Credicorp by 25.2% in the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after buying an additional 135 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. Janiczek Wealth Management LLC lifted its stake in shares of Credicorp by 7.8% during 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 during the period. Finally, Tidal Investments LLC bought a new position in Credicorp in the first quarter valued at about $223,000. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

Shares of BAP stock opened at $179.40 on Friday. The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.59 and a beta of 1.14. Credicorp Ltd. has a 12 month low of $116.42 and a 12 month high of $182.82. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $170.74 and a 200 day moving average price of $168.13.

Credicorp (NYSE:BAP) last issued its quarterly 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 business 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 18.81 EPS for the current year.

Credicorp Cuts Dividend

The firm also recently announced 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 dividend 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.