Scout Investments Inc. Sells 10,020 Shares of Credicorp Ltd. (BAP)

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Scout Investments Inc. decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,478 shares of the bank’s stock after selling 10,020 shares during the period. Scout Investments Inc. owned approximately 0.08% of Credicorp worth $16,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BAP. BlackRock Inc. raised its holdings in Credicorp by 1.5% during the fourth quarter. BlackRock Inc. now owns 3,598,950 shares of the bank’s stock worth $797,780,000 after purchasing an additional 53,554 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Credicorp by 1.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,030,635 shares of the bank’s stock worth $450,131,000 after purchasing an additional 29,708 shares in the last quarter. FMR LLC raised its holdings in Credicorp by 1.9% during the fourth quarter. FMR LLC now owns 1,665,112 shares of the bank’s stock worth $369,106,000 after purchasing an additional 31,199 shares in the last quarter. Morgan Stanley raised its holdings in Credicorp by 0.8% during the third quarter. Morgan Stanley now owns 1,273,705 shares of the bank’s stock worth $284,138,000 after purchasing an additional 10,359 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Credicorp by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 1,244,353 shares of the bank’s stock worth $275,836,000 after purchasing an additional 6,621 shares in the last quarter. Institutional investors and hedge funds own 67.20% of the company’s stock.

Shares of Credicorp stock opened at $241.85 on Monday. Credicorp Ltd. has a 12-month low of $207.41 and a 12-month high of $252.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.18 and a quick ratio of 1.16. The stock has a market capitalization of $19.22 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.14 and a beta of 0.74.

Credicorp (NYSE:BAP) last issued its earnings results on Wednesday, February 6th. The bank reported $3.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.95 by ($0.37). Credicorp had a net margin of 25.05% and a return on equity of 17.24%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.07 billion. As a group, sell-side analysts predict that Credicorp Ltd. will post 16.92 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 16th will be issued a $20.00 dividend. The ex-dividend date of this dividend is Monday, April 15th. This is a boost from Credicorp’s previous dividend of $14.17. Credicorp’s dividend payout ratio (DPR) is 28.90%.

A number of brokerages have issued reports on BAP. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. ValuEngine raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. TheStreet raised shares of Credicorp from a “c+” rating to a “b-” rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. cut shares of Credicorp from an “overweight” rating to a “neutral” rating and increased their target price for the company from $232.00 to $240.00 in a report on Monday, February 11th. Finally, Bank of America cut shares of Credicorp from a “neutral” rating to an “underperform” rating in a report on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Credicorp has a consensus rating of “Hold” and a consensus target price of $254.50.

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Credicorp Profile

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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