The Manufacturers Life Insurance Company Sells 30,448 Shares of Credicorp Ltd. (NYSE:BAP)

The Manufacturers Life Insurance Company decreased its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,132 shares of the bank's stock after selling 30,448 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.26% of Credicorp worth $33,578,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Credicorp during the 2nd quarter valued at about $84,000. Parallel Advisors LLC boosted its stake in Credicorp by 25.2% during the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank's stock worth $101,000 after acquiring an additional 135 shares in the last quarter. Atlas Capital Advisors LLC boosted its stake in Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank's stock worth $111,000 after acquiring an additional 89 shares in the last quarter. Janiczek Wealth Management LLC boosted its stake in Credicorp by 7.8% during the first quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank's stock worth $178,000 after acquiring an additional 76 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in Credicorp during the first quarter worth about $223,000. Institutional investors own 89.81% of the company's stock.

Credicorp Stock Up 1.0 %

NYSE:BAP traded up $1.86 during mid-day trading on Tuesday, hitting $182.83. 253,719 shares of the company's stock were exchanged, compared to its average volume of 233,859. Credicorp Ltd. has a one year low of $116.42 and a one year high of $186.36. 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 business has a fifty day moving average price of $171.66 and a 200 day moving average price of $168.28. The company has a market cap of $14.54 billion, a PE ratio of 10.85, a P/E/G ratio of 0.60 and a beta of 1.14.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 EPS 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 the consensus estimate of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. Equities analysts predict that Credicorp Ltd. will post 18.86 EPS for the current year.

Credicorp Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be paid a $2.9084 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp's dividend payout ratio is presently 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.