Credicorp Ltd. (NYSE:BAP) Shares Sold by Axa S.A.

Axa S.A. lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 10.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,500 shares of the bank’s stock after selling 2,620 shares during the quarter. Axa S.A.’s holdings in Credicorp were worth $3,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in Credicorp during the 2nd quarter worth $4,824,000. Public Sector Pension Investment Board boosted its position in Credicorp by 224.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 189,883 shares of the bank’s stock worth $30,634,000 after acquiring an additional 131,415 shares during the period. Sei Investments Co. boosted its position in Credicorp by 1.1% during the 2nd quarter. Sei Investments Co. now owns 180,711 shares of the bank’s stock worth $29,155,000 after acquiring an additional 1,935 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Credicorp by 144.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 30,100 shares of the bank’s stock worth $4,856,000 after acquiring an additional 17,800 shares during the period. Finally, XTX Topco Ltd boosted its position in Credicorp by 482.4% during the 2nd quarter. XTX Topco Ltd now owns 7,088 shares of the bank’s stock worth $1,144,000 after acquiring an additional 5,871 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Up 2.9 %

Shares of BAP stock opened at $185.00 on Monday. 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 Ltd. has a 1 year low of $116.42 and a 1 year high of $186.36. The stock has a fifty day moving average of $171.52 and a two-hundred day moving average of $168.22. The firm has a market capitalization of $14.71 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). Credicorp had a return on equity of 14.86% and a net margin of 19.31%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, research analysts expect that Credicorp Ltd. will post 18.86 EPS for the current year.

Credicorp Cuts Dividend

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

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.