May Hill Capital LLC Purchases Shares of 1,182 Credicorp Ltd. (NYSE:BAP)

May Hill Capital LLC acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,182 shares of the bank’s stock, valued at approximately $217,000.

Several other large investors also recently made changes to their positions in BAP. State Street Corp boosted its holdings in Credicorp by 2.0% in the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock worth $207,235,000 after acquiring an additional 21,943 shares in the last quarter. Ninety One UK Ltd grew its position in Credicorp by 4.7% in the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock valued at $199,697,000 after purchasing an additional 49,031 shares during the period. Pzena Investment Management LLC increased its stake in Credicorp by 5.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank’s stock valued at $198,092,000 after purchasing an additional 53,746 shares in the last quarter. ARGA Investment Management LP raised its holdings in Credicorp by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank’s stock worth $145,664,000 after buying an additional 6,864 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Credicorp by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 659,904 shares of the bank’s stock valued at $120,974,000 after buying an additional 19,145 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Up 3.3 %

Shares of NYSE:BAP opened at $192.23 on Wednesday. The business’s 50 day moving average is $185.89 and its 200 day moving average is $185.66. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.56 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their target price for the stock 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.