Credicorp Ltd. (NYSE:BAP) Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its position in Credicorp Ltd. (NYSE:BAP) by 28.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 811,867 shares of the bank’s stock after selling 326,659 shares during the quarter. Credicorp makes up 2.2% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 18th biggest position. Mondrian Investment Partners LTD’s holdings in Credicorp were worth $138,537,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BAP. Headlands Technologies LLC acquired a new stake in shares of Credicorp in the 2nd quarter valued at about $84,000. Parallel Advisors LLC raised its stake in shares of 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 purchasing an additional 135 shares in the last quarter. Atlas Capital Advisors LLC raised its stake in shares of Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after purchasing an additional 89 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in shares of Credicorp by 7.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock valued at $178,000 after purchasing an additional 76 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Credicorp in the 1st quarter valued at about $223,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of Credicorp stock opened at $175.23 on Wednesday. The firm has a market cap of $13.94 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.59 and a beta of 1.14. The firm’s 50-day simple moving average is $170.13 and its 200-day simple moving average is $167.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $180.21.

Credicorp (NYSE:BAP) last issued its earnings results 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 company 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%. Equities analysts forecast that Credicorp Ltd. will post 18.81 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Investors 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 is Monday, September 23rd. Credicorp’s dividend payout ratio is presently 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.