Credicorp Ltd. (NYSE:BAP) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its stake in Credicorp Ltd. (NYSE:BAP) by 0.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 44,478 shares of the bank’s stock after selling 100 shares during the period. Deprince Race & Zollo Inc.’s holdings in Credicorp were worth $7,176,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in 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 in the last quarter. Ninety One UK Ltd purchased a new stake in shares of Credicorp in the 2nd quarter valued at $50,235,000. Baillie Gifford & Co. lifted its stake in 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 purchased a new position in Credicorp during the 2nd quarter valued at about $44,156,000. Finally, William Blair Investment Management LLC boosted its holdings in Credicorp by 203.9% during the 1st quarter. William Blair Investment Management LLC now owns 279,665 shares of the bank’s stock valued at $47,384,000 after acquiring an additional 187,640 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of NYSE:BAP opened at $179.82 on Friday. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $182.82. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average is $171.10 and its two-hundred day moving average is $168.12.

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 analysts’ consensus estimates of $4.64 by ($0.15). The business had revenue of $1.37 billion during 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%. Analysts anticipate that Credicorp Ltd. will post 18.86 EPS for the current year.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be given a dividend of $2.9084 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 23rd. Credicorp’s dividend payout ratio is currently 55.13%.

Credicorp 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.