Seven Eight Capital LP Acquires New Position in Credicorp Ltd. (NYSE:BAP)

Seven Eight Capital LP bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, HoldingsChannel reports. The fund bought 7,078 shares of the bank’s stock, valued at approximately $1,142,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BAP. Charles Schwab Investment Management Inc. boosted its holdings in shares of Credicorp by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 70,212 shares of the bank’s stock valued at $10,527,000 after buying an additional 6,301 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Credicorp by 7.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,837 shares of the bank’s stock valued at $275,000 after acquiring an additional 134 shares during the period. Avantax Advisory Services Inc. acquired a new position in Credicorp in the fourth quarter valued at approximately $213,000. Norges Bank bought a new position in shares of Credicorp during the fourth quarter valued at approximately $109,709,000. Finally, US Bancorp DE lifted its holdings in shares of Credicorp by 139.8% in the 4th quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock worth $5,057,000 after purchasing an additional 19,666 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Trading Down 0.4 %

NYSE:BAP opened at $179.40 on Friday. The firm has a market capitalization of $14.27 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.59 and a beta of 1.14. The business has a 50 day simple moving average of $170.74 and a 200 day simple moving average of $168.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $182.82.

Credicorp (NYSE:BAP) last announced 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. Equities research analysts predict that Credicorp Ltd. will post 18.81 EPS for the current year.

Credicorp Cuts Dividend

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