Credicorp Ltd. (NYSE:BAP) Shares Bought by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT grew its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,300 shares of the bank's stock after buying an additional 13,400 shares during the period. Credicorp accounts for 1.0% of Discovery Capital Management LLC CT's holdings, making the stock its 29th biggest position. Discovery Capital Management LLC CT owned 0.10% of Credicorp worth $14,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BAP. State Street Corp increased its position in shares of Credicorp by 2.0% in the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank's stock valued at $207,235,000 after acquiring an additional 21,943 shares during the period. Ninety One UK Ltd raised its stake in shares of Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock worth $199,697,000 after purchasing an additional 49,031 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Credicorp by 5.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock worth $198,092,000 after purchasing an additional 53,746 shares during the last quarter. ARGA Investment Management LP lifted its holdings in shares of 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 purchasing an additional 6,864 shares during the period. Finally, Vanguard Group Inc. boosted its position in 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 during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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Credicorp Stock Performance

Shares of BAP stock traded down $9.98 on Friday, hitting $179.26. The company had a trading volume of 646,325 shares, compared to its average volume of 250,747. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a market cap of $14.26 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company has a 50-day moving average price of $186.20 and a 200-day moving average price of $185.77.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. As a group, equities research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America lowered shares of Credicorp from a "buy" rating to a "neutral" rating and reduced their price target 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.