Handelsbanken Fonder AB Has $41.33 Million Holdings in Credicorp Ltd. (NYSE:BAP)

Handelsbanken Fonder AB decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,405 shares of the bank’s stock after selling 2,100 shares during the period. Handelsbanken Fonder AB’s holdings in Credicorp were worth $41,334,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Credicorp in the 2nd quarter worth approximately $210,000. Creative Planning grew its stake in shares of Credicorp by 37.4% in the 2nd quarter. Creative Planning now owns 2,646 shares of the bank’s stock valued at $427,000 after buying an additional 720 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Credicorp by 78.8% in the second quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank’s stock worth $57,883,000 after buying an additional 158,175 shares during the last quarter. MBB Public Markets I LLC bought a new position in Credicorp during the second quarter valued at approximately $770,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Credicorp in the second quarter valued at approximately $4,824,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Up 1.3 %

Shares of BAP traded up $2.35 during mid-day trading on Friday, hitting $184.02. 291,412 shares of the company’s stock were exchanged, compared to its average volume of 234,379. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.60 and a beta of 1.14. The firm has a fifty day moving average of $172.58 and a two-hundred day moving average of $168.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $186.36.

Credicorp (NYSE:BAP) last posted its 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). Credicorp had a return on equity of 14.86% and a net margin of 19.31%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, sell-side analysts forecast that Credicorp Ltd. will post 18.86 earnings per share for the current year.

Credicorp Cuts Dividend

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