Credicorp Ltd. (NYSE:BAP) Position Trimmed by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. trimmed its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 35.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other large investors have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC boosted its holdings in Credicorp by 13.9% during the second quarter. William Blair Investment Management LLC now owns 318,666 shares of the bank’s stock worth $51,410,000 after buying an additional 39,001 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Credicorp by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,871 shares of the bank’s stock valued at $3,446,000 after acquiring an additional 179 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Credicorp in the 2nd quarter valued at approximately $280,000. Headlands Technologies LLC purchased a new stake in shares of Credicorp in the 2nd quarter valued at approximately $84,000. Finally, Andra AP fonden purchased a new stake in shares of Credicorp in the 2nd quarter valued at approximately $5,292,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

Shares of NYSE:BAP opened at $175.58 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp Ltd. has a 52 week low of $116.42 and a 52 week high of $180.21. The firm has a 50 day simple moving average of $169.76 and a 200 day simple moving average of $167.86.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing the consensus estimate of $4.64 by ($0.15). The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Credicorp had a net margin of 19.31% and a return on equity of 14.86%. Research analysts forecast that Credicorp Ltd. will post 18.81 EPS for the current fiscal year.

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.