AQR Capital Management LLC Buys 119 Shares of Credicorp Ltd. (NYSE:BAP)

AQR Capital Management LLC increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 0.1% during the 2nd quarter, Holdings Channel reports. The fund owned 104,275 shares of the bank’s stock after acquiring an additional 119 shares during the period. AQR Capital Management LLC’s holdings in Credicorp were worth $16,512,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Parallel Advisors LLC boosted its position in shares of Credicorp by 25.2% during the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock worth $101,000 after purchasing an additional 135 shares in the last quarter. Stifel Financial Corp boosted its holdings in Credicorp by 6.5% in the fourth quarter. Stifel Financial Corp now owns 40,155 shares of the bank’s stock worth $6,020,000 after acquiring an additional 2,466 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Credicorp by 48.1% in the fourth quarter. Allianz Asset Management GmbH now owns 38,807 shares of the bank’s stock valued at $5,818,000 after acquiring an additional 12,608 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Credicorp by 27.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 296,781 shares of the bank’s stock valued at $44,496,000 after acquiring an additional 64,543 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Credicorp by 139.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 741,399 shares of the bank’s stock worth $111,158,000 after purchasing an additional 432,301 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

NYSE BAP opened at $182.83 on Wednesday. The company has a market cap of $14.54 billion, a P/E ratio of 10.85, a PEG ratio of 0.60 and a beta of 1.14. The company has a fifty day simple moving average of $171.88 and a 200 day simple moving average of $168.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $186.36.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 19.31% and a return on equity of 14.86%. Sell-side analysts predict that Credicorp Ltd. will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

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