2,367 Shares in Credicorp Ltd. (NYSE:BAP) Purchased by Diversified Trust Co

Diversified Trust Co acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the third quarter, HoldingsChannel reports. The fund acquired 2,367 shares of the bank’s stock, valued at approximately $428,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of Credicorp by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,029,014 shares of the bank’s stock worth $488,671,000 after buying an additional 25,972 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Credicorp by 22.0% during the 2nd quarter. Baillie Gifford & Co. now owns 1,632,852 shares of the bank’s stock worth $263,428,000 after acquiring an additional 294,596 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Credicorp by 3.9% in the 1st quarter. Pzena Investment Management LLC now owns 933,764 shares of the bank’s stock valued at $158,208,000 after purchasing an additional 35,167 shares in the last quarter. ARGA Investment Management LP lifted its position in shares of Credicorp by 5.1% during the first quarter. ARGA Investment Management LP now owns 769,315 shares of the bank’s stock worth $130,345,000 after purchasing an additional 37,370 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Credicorp by 1.4% during the first quarter. Vanguard Group Inc. now owns 753,205 shares of the bank’s stock worth $127,616,000 after purchasing an additional 10,527 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Up 1.8 %

Shares of NYSE:BAP opened at $185.10 on Friday. The company’s fifty day moving average is $173.24 and its two-hundred day moving average is $168.73. 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 $186.36. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($0.15). The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. Equities analysts anticipate that Credicorp Ltd. will post 18.86 EPS 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 dividend of $2.9084 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s payout ratio is currently 55.07%.

Analysts Set New Price Targets

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.

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.