SG Americas Securities LLC Reduces Stock Position in Credicorp Ltd. (NYSE:BAP)

SG Americas Securities LLC lowered its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 87.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,848 shares of the bank's stock after selling 12,665 shares during the quarter. SG Americas Securities LLC's holdings in Credicorp were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Simplicity Wealth LLC boosted its position in shares of Credicorp by 2.5% in the 2nd quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank's stock valued at $458,000 after purchasing an additional 70 shares during the period. Janiczek Wealth Management LLC boosted its holdings in shares of Credicorp by 7.8% in the first 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 period. Atlas Capital Advisors LLC grew its position in shares of 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 during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Credicorp by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank's stock valued at $492,000 after acquiring an additional 126 shares during the period. Finally, Trillium Asset Management LLC increased its holdings in shares of Credicorp by 0.5% in the 1st quarter. Trillium Asset Management LLC now owns 35,315 shares of the bank's stock valued at $5,983,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price objective 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

Credicorp stock traded up $3.99 during mid-day trading on Friday, reaching $190.60. 279,746 shares of the company were exchanged, compared to its average volume of 233,387. The firm has a market cap of $15.16 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The firm's 50-day simple moving average is $176.31 and its two-hundred day simple moving average is $169.55. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $190.72.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates 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 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. Stockholders of record on Monday, September 23rd were paid a dividend of $2.9084 per share. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp's dividend payout ratio (DPR) is 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.