Robeco Institutional Asset Management B.V. grew its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 7.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 134,707 shares of the bank's stock after acquiring an additional 9,431 shares during the period. Robeco Institutional Asset Management B.V. owned 0.17% of Credicorp worth $24,378,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of BAP. Headlands Technologies LLC bought a new position in Credicorp in the second quarter valued at about $84,000. Atlas Capital Advisors LLC increased its stake in shares of Credicorp by 14.9% in the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank's stock valued at $111,000 after buying an additional 89 shares during the period. Sanctuary Advisors LLC bought a new position in Credicorp in the 2nd quarter valued at approximately $210,000. Dynamic Advisor Solutions LLC acquired a new stake in Credicorp during the 3rd quarter worth approximately $216,000. Finally, Tidal Investments LLC bought a new stake in Credicorp during the 1st quarter worth approximately $223,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Separately, The Goldman Sachs Group lifted their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, October 8th.
Check Out Our Latest Research Report on BAP
Credicorp stock opened at $181.96 on Wednesday. The stock's 50 day moving average is $180.82 and its 200 day moving average is $171.23. Credicorp Ltd. has a one year low of $116.42 and a one year high of $193.25. The firm has a market cap of $14.47 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.62 and a beta of 1.14. 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 - Get Free Report) 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 firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. As a group, research analysts expect that Credicorp Ltd. will post 18.81 EPS for the current year.
The firm also recently declared an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 23rd were issued a dividend of $2.9084 per share. The ex-dividend date was Monday, September 23rd. This represents a yield of 3.8%. Credicorp's payout ratio is currently 55.97%.
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.
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