Kathmere Capital Management LLC bought a new position in Popular, Inc. (NASDAQ:BPOP - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,078 shares of the bank's stock, valued at approximately $229,000.
Other institutional investors have also bought and sold shares of the company. Steph & Co. purchased a new position in Popular in the 2nd quarter worth approximately $39,000. Farther Finance Advisors LLC lifted its stake in Popular by 112.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 418 shares of the bank's stock worth $46,000 after purchasing an additional 221 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Popular in the 1st quarter worth approximately $47,000. Versant Capital Management Inc lifted its stake in Popular by 589.9% in the 1st quarter. Versant Capital Management Inc now owns 821 shares of the bank's stock worth $76,000 after purchasing an additional 702 shares in the last quarter. Finally, Quarry LP purchased a new position in Popular in the 1st quarter worth approximately $84,000. 87.27% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have recently commented on BPOP shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Popular in a research report on Thursday, July 24th. Zacks Research raised shares of Popular from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. Hovde Group reaffirmed an "outperform" rating on shares of Popular in a research report on Friday, August 29th. Barclays lifted their price target on shares of Popular from $125.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Popular in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $130.13.
Read Our Latest Report on Popular
Popular Stock Down 0.6%
Shares of NASDAQ BPOP opened at $127.33 on Tuesday. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.66 and a beta of 0.68. Popular, Inc. has a 52-week low of $78.23 and a 52-week high of $129.32. The business's 50 day moving average is $121.14 and its two-hundred day moving average is $107.40.
Popular (NASDAQ:BPOP - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The bank reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.60 by $0.49. The company had revenue of $800.03 million for the quarter, compared to analyst estimates of $777.38 million. Popular had a return on equity of 12.48% and a net margin of 16.49%.During the same quarter in the previous year, the company earned $2.46 earnings per share. Analysts anticipate that Popular, Inc. will post 10.06 EPS for the current fiscal year.
Popular Dividend Announcement
The firm also recently declared a sep 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.1328 dividend. Popular's dividend payout ratio (DPR) is 29.07%.
Insider Activity at Popular
In other Popular news, EVP Gilberto Monzon sold 18,001 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $124.47, for a total value of $2,240,584.47. Following the completion of the transaction, the executive vice president owned 24,773 shares in the company, valued at $3,083,495.31. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.23% of the stock is currently owned by company insiders.
Popular Company Profile
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Free Report)
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.
Further Reading
Want to see what other hedge funds are holding BPOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Popular, Inc. (NASDAQ:BPOP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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