Diamond Hill Capital Management Inc. Sells 3,963 Shares of Credicorp Ltd. (NYSE:BAP)

Diamond Hill Capital Management Inc. lowered its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 35.0% during the second quarter, Holdings Channel reports. The firm owned 7,353 shares of the bank’s stock after selling 3,963 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Credicorp were worth $1,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Breakout Capital Partners LP bought a new position in shares of Credicorp during the 4th quarter valued at $15,289,000. US Bancorp DE grew its stake in Credicorp by 139.8% in the 4th quarter. US Bancorp DE now owns 33,731 shares of the bank’s stock valued at $5,057,000 after buying an additional 19,666 shares during the last quarter. Sei Investments Co. grew its stake in Credicorp by 3.9% in the 1st quarter. Sei Investments Co. now owns 178,776 shares of the bank’s stock valued at $30,291,000 after buying an additional 6,779 shares during the last quarter. Perpetual Ltd grew its stake in Credicorp by 413.8% in the 1st quarter. Perpetual Ltd now owns 43,615 shares of the bank’s stock valued at $7,390,000 after buying an additional 35,127 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. grew its stake in Credicorp by 8.7% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 112,200 shares of the bank’s stock valued at $16,822,000 after buying an additional 9,000 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

NYSE:BAP opened at $175.58 on Monday. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $180.21. The firm’s fifty day simple moving average is $169.76 and its 200 day simple moving average is $167.86. 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 (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 firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. As a group, sell-side analysts expect that Credicorp Ltd. will post 18.81 earnings per share for the current fiscal year.

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.