29,902 Shares in Credicorp Ltd. (NYSE:BAP) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,902 shares of the bank’s stock, valued at approximately $4,824,000.

Several other institutional investors have also modified their holdings of the stock. Simplicity Wealth LLC lifted its stake in shares of Credicorp by 2.5% in the 2nd quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after purchasing an additional 70 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in shares of Credicorp by 7.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock valued at $178,000 after purchasing an additional 76 shares during the last quarter. Atlas Capital Advisors LLC lifted its stake 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 purchasing an additional 89 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Credicorp by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock valued at $492,000 after purchasing an additional 126 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Credicorp by 25.2% in the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after purchasing an additional 135 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

NYSE:BAP opened at $185.00 on Friday. The firm has a market capitalization of $14.71 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.60 and a beta of 1.14. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $186.36. The business has a 50 day simple moving average of $171.26 and a 200-day simple moving average of $168.20. 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 issued its quarterly 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 business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. Equities analysts forecast that Credicorp Ltd. will post 18.86 EPS for the current year.

Credicorp Cuts Dividend

The firm also recently declared 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. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 23rd. Credicorp’s dividend payout ratio is currently 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.