May Hill Capital LLC Takes $217,000 Position in Credicorp Ltd. (NYSE:BAP)

May Hill Capital LLC purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,182 shares of the bank’s stock, valued at approximately $217,000.

A number of other large investors have also added to or reduced their stakes in BAP. Norges Bank purchased a new position in Credicorp in the fourth quarter valued at about $84,213,000. Public Employees Retirement System of Ohio bought a new stake in shares of Credicorp in the 3rd quarter worth approximately $42,794,000. GQG Partners LLC purchased a new position in Credicorp in the fourth quarter valued at approximately $40,187,000. TT International Asset Management LTD bought a new position in Credicorp during the third quarter valued at $25,081,000. Finally, Axiom Investors LLC DE increased its position in Credicorp by 230.8% in the fourth quarter. Axiom Investors LLC DE now owns 194,209 shares of the bank’s stock worth $35,602,000 after buying an additional 135,498 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Credicorp Stock Up 3.3 %

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

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing analysts’ consensus estimates 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 expect that Credicorp Ltd. will post 21.9 EPS for the current 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.