Credicorp Ltd. (NYSE:BAP) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lowered its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,092 shares of the bank's stock after selling 16,402 shares during the quarter. WCM Investment Management LLC's holdings in Credicorp were worth $58,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Credicorp during the 2nd quarter worth about $84,000. Atlas Capital Advisors LLC raised its holdings 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 purchasing an additional 89 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Credicorp during the 2nd quarter worth approximately $210,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Credicorp in the 3rd quarter valued at $216,000. Finally, Tidal Investments LLC purchased a new position in shares of Credicorp in the 1st quarter valued at $223,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their price objective on shares of Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, October 8th.

Credicorp Trading Up 0.3 %

Shares of BAP stock traded up $0.50 during trading hours on Monday, hitting $185.50. The stock had a trading volume of 140,450 shares, compared to its average volume of 230,092. 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 stock's 50 day moving average is $181.35 and its 200 day moving average is $171.56. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $193.25.

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 analysts' consensus estimates of $4.64 by ($0.15). Credicorp had a return on equity of 14.86% and a net margin of 19.31%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, equities analysts anticipate that Credicorp Ltd. will post 18.81 earnings per share for the current 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 given a $2.9084 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Monday, September 23rd. Credicorp's dividend payout ratio is currently 53.30%.

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.