Victory Capital Management Inc. Cuts Position in Credicorp Ltd. (NYSE:BAP)

Victory Capital Management Inc. decreased its holdings in Credicorp Ltd. (NYSE:BAP – Get Rating) by 13.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 160,819 shares of the bank’s stock after selling 24,798 shares during the period. Victory Capital Management Inc.’s holdings in Credicorp were worth $27,640,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Krane Funds Advisors LLC raised its holdings in Credicorp by 12.9% in the fourth quarter. Krane Funds Advisors LLC now owns 638 shares of the bank’s stock valued at $78,000 after buying an additional 73 shares during the period. Signaturefd LLC increased its stake in shares of Credicorp by 36.5% in the first quarter. Signaturefd LLC now owns 430 shares of the bank’s stock worth $74,000 after buying an additional 115 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Credicorp by 1.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 16,491 shares of the bank’s stock worth $2,013,000 after buying an additional 156 shares during the last quarter. JJJ Advisors Inc. boosted its holdings in Credicorp by 32.5% in the fourth quarter. JJJ Advisors Inc. now owns 648 shares of the bank’s stock worth $79,000 after purchasing an additional 159 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Credicorp by 0.8% in the fourth quarter. Mackenzie Financial Corp now owns 24,828 shares of the bank’s stock worth $3,031,000 after purchasing an additional 200 shares during the period.

Credicorp Price Performance

Shares of NYSE BAP opened at $130.50 on Thursday. Credicorp Ltd. has a fifty-two week low of $88.67 and a fifty-two week high of $182.11. The firm’s 50-day simple moving average is $127.32 and its 200 day simple moving average is $141.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The stock has a market cap of $10.41 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.37 and a beta of 0.91.

Credicorp (NYSE:BAP – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The bank reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.04. Credicorp had a net margin of 19.55% and a return on equity of 12.12%. The business had revenue of $991.96 million for the quarter, compared to analysts’ expectations of $1.06 billion. Equities analysts expect that Credicorp Ltd. will post 15.54 EPS for the current year.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 20th were paid a dividend of $3.9382 per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 19th. Credicorp’s dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

Separately, Credit Suisse Group raised shares of Credicorp from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $151.32 to $142.00 in a report on Tuesday, July 19th.

Credicorp Profile

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Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.