Credicorp Ltd. (NYSE:BAP) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its holdings in Credicorp Ltd. (NYSE:BAP) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,825 shares of the bank’s stock after selling 4,011 shares during the quarter. Employees Retirement System of Texas’ holdings in Credicorp were worth $3,844,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Simplicity Wealth LLC increased its position in Credicorp by 2.5% in the 2nd quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after acquiring an additional 70 shares during the period. Janiczek Wealth Management LLC increased its position in Credicorp by 7.8% in the 1st 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. Atlas Capital Advisors LLC increased its position in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after acquiring an additional 89 shares during the period. Crossmark Global Holdings Inc. increased its position in Credicorp by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock valued at $492,000 after acquiring an additional 126 shares during the period. Finally, Parallel Advisors LLC increased its position in 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 acquiring an additional 135 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

BAP opened at $179.82 on Friday. Credicorp Ltd. has a 12 month low of $116.42 and a 12 month high of $182.82. The stock’s 50 day moving average price is $171.10 and its 200 day moving average price is $168.12. 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 issued its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, analysts anticipate that Credicorp Ltd. will post 18.86 EPS for the current fiscal year.

Credicorp Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, October 18th. Stockholders 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 is Monday, September 23rd. Credicorp’s dividend payout ratio (DPR) is presently 55.13%.

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.