Credicorp Ltd. (NYSE:BAP) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 40.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,901 shares of the bank’s stock after purchasing an additional 546 shares during the period. Blue Trust Inc.’s holdings in Credicorp were worth $344,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Planning grew its holdings in Credicorp by 52.6% during the 3rd quarter. Creative Planning now owns 4,037 shares of the bank’s stock worth $731,000 after acquiring an additional 1,391 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Credicorp by 95.4% during the 3rd quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock worth $1,263,000 after acquiring an additional 3,406 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Credicorp during the 3rd quarter worth $236,000. Dynamic Advisor Solutions LLC acquired a new position in Credicorp during the 3rd quarter worth $216,000. Finally, Diversified Trust Co acquired a new position in Credicorp during the 3rd quarter worth $428,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price objective on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th.

Credicorp Trading Up 0.2 %

NYSE BAP opened at $188.66 on Thursday. Credicorp Ltd. has a one year low of $116.42 and a one year high of $191.58. The company has a 50-day simple moving average of $177.66 and a 200-day simple moving average of $169.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $15.00 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts forecast that Credicorp Ltd. will post 18.86 earnings per share for the current year.

Credicorp Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were given a $2.9084 dividend. The ex-dividend date was Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s dividend payout ratio is presently 55.07%.

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.