Carrhae Capital LLP Takes Position in Credicorp Ltd. (NYSE:BAP)

Carrhae Capital LLP acquired a new position in Credicorp Ltd. (NYSE:BAP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 154,577 shares of the bank's stock, valued at approximately $27,974,000. Credicorp accounts for approximately 3.2% of Carrhae Capital LLP's investment portfolio, making the stock its 14th biggest holding. Carrhae Capital LLP owned about 0.19% of Credicorp at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Sei Investments Co. raised its position in Credicorp by 3.9% in the first 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 second quarter. M&G Plc now owns 33,329 shares of the bank's stock worth $5,366,000 after acquiring an additional 9,383 shares in the last quarter. ARGA Investment Management LP raised its position in Credicorp by 5.1% in the first quarter. ARGA Investment Management LP now owns 769,315 shares of the bank's stock worth $130,345,000 after acquiring an additional 37,370 shares in the last quarter. Ritholtz Wealth Management raised its position 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 acquiring an additional 3,406 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Credicorp by 81.9% in 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 acquiring an additional 4,662 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted 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 Trading Down 1.4 %

NYSE BAP traded down $2.75 on Monday, hitting $187.85. 166,279 shares of the company were exchanged, compared to its average volume of 233,057. The company's 50 day moving average price is $176.31 and its 200-day moving average price is $169.55. 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 market capitalization of $14.94 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. 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 posted its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) 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%. Analysts predict that Credicorp Ltd. will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 23rd were issued a dividend of $2.9084 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a yield of 3.8%. Credicorp's payout ratio is presently 55.07%.

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.