Park Place Capital Corp Sells 120 Shares of Credicorp Ltd. (NYSE:BAP)

Park Place Capital Corp decreased its position in shares of Credicorp Ltd. (NYSE:BAP) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 745 shares of the bank’s stock after selling 120 shares during the quarter. Park Place Capital Corp’s holdings in Credicorp were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Credicorp during the second quarter worth about $84,000. Atlas Capital Advisors LLC increased its stake in shares of Credicorp by 14.9% in the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after buying an additional 89 shares during the period. Janiczek Wealth Management LLC boosted its holdings in Credicorp by 7.8% in the first quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock valued at $178,000 after acquiring an additional 76 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Credicorp during the 2nd quarter valued at approximately $210,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Credicorp during the 3rd quarter worth approximately $216,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of Credicorp stock opened at $183.23 on Wednesday. Credicorp Ltd. has a one year low of $116.42 and a one year high of $186.36. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.60 and a beta of 1.14. The business has a 50-day simple moving average of $172.80 and a 200 day simple moving average of $168.57. 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 (NYSE:BAP) last issued 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). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. On average, research analysts anticipate that Credicorp Ltd. will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their price target on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday.

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.