Krane Funds Advisors LLC Sells 1,327 Shares of Credicorp Ltd. (NYSE:BAP)

Krane Funds Advisors LLC decreased its position in Credicorp Ltd. (NYSE:BAP) by 81.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293 shares of the bank’s stock after selling 1,327 shares during the quarter. Krane Funds Advisors LLC’s holdings in Credicorp were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Simplicity Wealth LLC grew its stake in Credicorp by 2.5% in the second quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after purchasing an additional 70 shares in the last quarter. Janiczek Wealth Management LLC lifted its stake 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. Atlas Capital Advisors LLC grew its position 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 acquiring an additional 89 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Credicorp by 4.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock worth $492,000 after purchasing an additional 126 shares during the last quarter. Finally, Trillium Asset Management LLC grew its holdings in Credicorp by 0.5% during the first quarter. Trillium Asset Management LLC now owns 35,315 shares of the bank’s stock worth $5,983,000 after purchasing an additional 166 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Trading Up 0.5 %

Shares of Credicorp stock opened at $186.61 on Friday. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $189.66. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.62 and a beta of 1.14. The business has a fifty day simple moving average of $175.81 and a two-hundred day simple moving average of $169.40. 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 posted 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). 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 analyst estimates of $1.32 billion. Research analysts forecast that Credicorp Ltd. will post 18.86 EPS for the current year.

Credicorp Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be issued 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%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their price objective on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th.

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.