Skandinaviska Enskilda Banken AB publ Buys 17,800 Shares of Credicorp Ltd. (NYSE:BAP)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 144.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,100 shares of the bank’s stock after purchasing an additional 17,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Credicorp were worth $4,856,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd lifted its holdings in shares of Credicorp by 482.4% during the 2nd quarter. XTX Topco Ltd now owns 7,088 shares of the bank’s stock valued at $1,144,000 after buying an additional 5,871 shares during the period. Seven Eight Capital LP bought a new position in Credicorp in the second quarter valued at about $1,142,000. Fourth Sail Capital LP purchased a new position in Credicorp in the second quarter worth about $44,156,000. Massachusetts Financial Services Co. MA grew its stake in shares of Credicorp by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,029,014 shares of the bank’s stock valued at $488,671,000 after purchasing an additional 25,972 shares during the period. Finally, William Blair Investment Management LLC increased its position in shares of Credicorp by 13.9% during the 2nd quarter. William Blair Investment Management LLC now owns 318,666 shares of the bank’s stock valued at $51,410,000 after purchasing an additional 39,001 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of NYSE:BAP opened at $179.40 on Monday. 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 market capitalization of $14.27 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The firm’s 50 day moving average price is $170.74 and its 200-day moving average price is $168.05. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $182.82.

Credicorp (NYSE:BAP) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.32 billion. Equities research analysts expect that Credicorp Ltd. will post 18.81 EPS for the current year.

Credicorp Cuts Dividend

The business also recently announced 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. The ex-dividend date is Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s dividend payout ratio (DPR) is presently 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.