Millennium Management LLC Lowers Stake in Credicorp Ltd. (NYSE:BAP)

Millennium Management LLC lowered its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 23.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,553 shares of the bank's stock after selling 40,914 shares during the quarter. Millennium Management LLC owned approximately 0.17% of Credicorp worth $21,223,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Credicorp in the 2nd quarter worth approximately $84,000. Atlas Capital Advisors LLC grew its stake in Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank's stock valued at $111,000 after acquiring an additional 89 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in 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 acquiring an additional 76 shares during the last quarter. Tidal Investments LLC purchased a new stake in Credicorp in the 1st quarter worth $223,000. Finally, Blue Trust Inc. boosted its holdings in shares of Credicorp by 29.0% during the 2nd quarter. Blue Trust Inc. now owns 1,355 shares of the bank's stock valued at $229,000 after purchasing an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Price Performance

Shares of BAP stock traded up $2.35 during trading hours on Friday, hitting $184.02. The stock had a trading volume of 291,412 shares, compared to its average volume of 234,379. The stock's 50-day moving average price is $172.58 and its two-hundred day moving average price is $168.60. Credicorp Ltd. has a one year low of $116.42 and a one year high of $186.36. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.60 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 posted its earnings results on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing analysts' consensus estimates of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The firm 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 business also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 23rd will be paid a dividend of $2.9084 per share. The ex-dividend date is Monday, September 23rd. This represents a yield of 3.8%. Credicorp's payout ratio is currently 55.07%.

About Credicorp

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.