Genesis Investment Management LLP Has $63.96 Million Position in Credicorp Ltd. (NYSE:BAP)

Genesis Investment Management LLP lowered its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 353,435 shares of the bank's stock after selling 25,674 shares during the quarter. Credicorp accounts for about 12.4% of Genesis Investment Management LLP's investment portfolio, making the stock its 2nd biggest holding. Genesis Investment Management LLP owned about 0.44% of Credicorp worth $63,961,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BAP. Seven Eight Capital LP bought a new stake in shares of Credicorp in the 4th quarter valued at $705,000. Compass Group LLC raised its position in shares of Credicorp by 25.0% during the fourth quarter. Compass Group LLC now owns 37,500 shares of the bank's stock worth $5,622,000 after purchasing an additional 7,500 shares during the period. Breakout Capital Partners LP bought a new position in Credicorp in the fourth quarter valued at approximately $15,289,000. V Square Quantitative Management LLC acquired a new stake in shares of Credicorp in the 4th quarter valued at about $337,000. Finally, Goldman Sachs Group Inc. lifted its stake in Credicorp by 139.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 741,399 shares of the bank's stock valued at $111,158,000 after acquiring an additional 432,301 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Credicorp Trading Down 0.8 %

Shares of BAP stock traded down $1.54 on Wednesday, hitting $181.74. The company had a trading volume of 108,675 shares, compared to its average volume of 233,994. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $186.36. The stock's 50-day moving average is $173.02 and its two-hundred day moving average is $168.64. The firm has a market cap of $14.45 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.60 and a beta of 1.14.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing the consensus estimate of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts anticipate that Credicorp Ltd. will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 23rd will be given a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 23rd. Credicorp's payout ratio is 55.07%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price objective on Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday.

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.