Discovery Capital Management LLC CT Acquires 13,400 Shares of Credicorp Ltd. (NYSE:BAP)

Discovery Capital Management LLC CT grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,300 shares of the bank’s stock after acquiring an additional 13,400 shares during the quarter. Credicorp comprises 1.0% of Discovery Capital Management LLC CT’s investment portfolio, making the stock its 29th largest position. Discovery Capital Management LLC CT owned about 0.10% of Credicorp worth $14,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BAP. May Hill Capital LLC purchased a new stake in Credicorp in the fourth quarter valued at approximately $217,000. Headlands Technologies LLC purchased a new stake in shares of Credicorp during the 4th quarter valued at $38,000. Geode Capital Management LLC grew its position in Credicorp by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 503,587 shares of the bank’s stock worth $91,845,000 after acquiring an additional 47,449 shares in the last quarter. Alliancebernstein L.P. increased its stake in Credicorp by 40.3% in the fourth quarter. Alliancebernstein L.P. now owns 3,513 shares of the bank’s stock valued at $644,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Axiom Investors LLC DE raised its position in Credicorp by 230.8% during the fourth quarter. Axiom Investors LLC DE now owns 194,209 shares of the bank’s stock valued at $35,602,000 after purchasing an additional 135,498 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of Credicorp stock opened at $186.20 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. The company has a fifty day moving average of $185.70 and a 200-day moving average of $185.54. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Equities research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

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.