Ritholtz Wealth Management Has $1.26 Million Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Ritholtz Wealth Management boosted its position in Credicorp Ltd. (NYSE:BAP) by 95.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,977 shares of the bank’s stock after purchasing an additional 3,406 shares during the period. Ritholtz Wealth Management’s holdings in Credicorp were worth $1,263,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Credicorp in the second quarter valued at approximately $84,000. Atlas Capital Advisors LLC raised its stake in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after acquiring an additional 89 shares during the period. Janiczek Wealth Management LLC raised its stake 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 period. Dynamic Advisor Solutions LLC acquired a new stake in Credicorp during the 3rd quarter valued at $216,000. Finally, Sanctuary Advisors LLC bought a new position in Credicorp during the second quarter worth $210,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $186.73 on Monday. The stock has a 50 day simple moving average of $174.11 and a 200 day simple moving average of $168.96. The stock has a market cap of $14.85 billion, a P/E ratio of 11.08, a PEG ratio of 0.62 and a beta of 1.14. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $187.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54.

Credicorp (NYSE:BAP) last posted its 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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. Research analysts anticipate that Credicorp Ltd. will post 18.86 earnings per share for the current year.

Credicorp Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.