Deltec Asset Management LLC Sells 7,000 Shares of Credicorp Ltd. (NYSE:BAP)

Deltec Asset Management LLC trimmed its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 83.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,400 shares of the bank’s stock after selling 7,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Credicorp were worth $253,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Credicorp during the second quarter worth $84,000. Atlas Capital Advisors LLC boosted its stake in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after purchasing an additional 89 shares during the period. Sanctuary Advisors LLC bought a new position in Credicorp during the 2nd quarter worth about $210,000. Dynamic Advisor Solutions LLC bought a new position in Credicorp during the 3rd quarter worth about $216,000. Finally, Tidal Investments LLC acquired a new stake in shares of Credicorp in the 1st quarter valued at about $223,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Down 2.2 %

Credicorp stock opened at $187.65 on Wednesday. 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 Ltd. has a 1-year low of $116.42 and a 1-year high of $193.25. The company has a fifty day simple moving average of $179.34 and a 200 day simple moving average of $170.47. The company has a market cap of $14.92 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The company had revenue of $1.37 billion during 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 fiscal year.

Credicorp Cuts Dividend

The business also recently disclosed 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. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp’s dividend payout ratio is currently 55.07%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their price objective on Credicorp from $143.00 to $160.00 and gave the stock 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.