CWA Asset Management Group LLC Purchases New Position in Credicorp Ltd. (NYSE:BAP)

CWA Asset Management Group LLC purchased a new stake in Credicorp Ltd. (NYSE:BAP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,596 shares of the bank’s stock, valued at approximately $1,737,000.

Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Credicorp by 3.9% in the 1st quarter. Sei Investments Co. now owns 178,776 shares of the bank’s stock worth $30,291,000 after acquiring an additional 6,779 shares in the last quarter. M&G Plc raised its position in Credicorp by 39.2% in the 2nd quarter. M&G Plc now owns 33,329 shares of the bank’s stock valued at $5,366,000 after purchasing an additional 9,383 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Credicorp by 95.4% in the third quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock worth $1,263,000 after purchasing an additional 3,406 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Credicorp by 81.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,357 shares of the bank’s stock worth $1,754,000 after purchasing an additional 4,662 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Credicorp in the first quarter valued at $872,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th.

Credicorp Stock Performance

Shares of Credicorp stock opened at $185.00 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $181.35 and a 200 day simple moving average of $171.52. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $193.25. The firm has a market cap of $14.71 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.62 and a beta of 1.14.

Credicorp (NYSE:BAP) last released 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). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a net margin of 19.31% and a return on equity of 14.86%. Sell-side analysts predict that Credicorp Ltd. will post 18.81 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were issued a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date was Monday, September 23rd. Credicorp’s dividend payout ratio is 53.24%.

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.