Credicorp (NYSE:BAP) Reaches New 12-Month High at $183.55

Credicorp Ltd. (NYSE:BAP)’s share price reached a new 52-week high on Friday . The stock traded as high as $183.55 and last traded at $183.06, with a volume of 29498 shares traded. The stock had previously closed at $179.74.

Credicorp Price Performance

The stock has a market cap of $14.73 billion, a P/E ratio of 10.67, a PEG ratio of 0.60 and a beta of 1.14. The firm’s fifty day moving average price is $171.26 and its 200-day moving average price is $168.20. 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 released its earnings results on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Credicorp had a net margin of 19.31% and a return on equity of 14.86%. Analysts forecast that Credicorp Ltd. will post 18.86 earnings per share 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 issued a $2.9084 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s dividend payout ratio is currently 55.07%.

Institutional Trading of Credicorp

Several hedge funds and other institutional investors have recently bought and sold shares of BAP. Goldman Sachs Group Inc. boosted its stake in Credicorp by 139.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 741,399 shares of the bank’s stock valued at $111,158,000 after acquiring an additional 432,301 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of Credicorp during the 2nd quarter valued at approximately $50,235,000. Baillie Gifford & Co. boosted its stake in shares of Credicorp by 22.0% during the 2nd quarter. Baillie Gifford & Co. now owns 1,632,852 shares of the bank’s stock worth $263,428,000 after acquiring an additional 294,596 shares in the last quarter. Fourth Sail Capital LP acquired a new stake in Credicorp in the second quarter valued at approximately $44,156,000. Finally, William Blair Investment Management LLC increased its holdings in Credicorp by 203.9% in the 1st quarter. William Blair Investment Management LLC now owns 279,665 shares of the bank’s stock worth $47,384,000 after acquiring an additional 187,640 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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.