Credicorp Ltd. (NYSE:BAP) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,871 shares of the bank’s stock after purchasing an additional 179 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Credicorp were worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Credicorp during the second quarter worth about $84,000. Parallel Advisors LLC raised its holdings 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 last quarter. Atlas Capital Advisors LLC lifted its stake in shares of Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after purchasing an additional 89 shares during the period. Janiczek Wealth Management LLC boosted its holdings in shares of Credicorp by 7.8% during the first quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock worth $178,000 after purchasing an additional 76 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Credicorp in the fourth quarter valued at $213,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Credicorp stock opened at $180.42 on Thursday. The stock has a fifty day moving average price of $170.35 and a 200 day moving average price of $167.99. 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 52 week low of $116.42 and a 52 week high of $181.45. The firm has a market capitalization of $14.35 billion, a P/E ratio of 10.71, a PEG ratio of 0.59 and a beta of 1.14.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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 company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Equities research analysts anticipate that Credicorp Ltd. will post 18.81 earnings per share for the current year.

Credicorp Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 23rd will be paid a dividend of $2.9084 per share. This represents a yield of 3.8%. The ex-dividend date is Monday, September 23rd. Credicorp’s dividend payout ratio is currently 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.