American Century Companies Inc. lowered its holdings in Popular, Inc. (NASDAQ:BPOP - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,251,869 shares of the bank's stock after selling 111,006 shares during the period. American Century Companies Inc. owned about 1.81% of Popular worth $115,635,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of BPOP. Dimensional Fund Advisors LP lifted its position in shares of Popular by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,569,149 shares of the bank's stock valued at $329,674,000 after buying an additional 34,322 shares during the last quarter. Fox Run Management L.L.C. lifted its position in shares of Popular by 164.0% during the 1st quarter. Fox Run Management L.L.C. now owns 10,875 shares of the bank's stock valued at $1,005,000 after buying an additional 6,755 shares during the last quarter. Sei Investments Co. lifted its position in shares of Popular by 15.1% during the 1st quarter. Sei Investments Co. now owns 375,653 shares of the bank's stock valued at $35,161,000 after buying an additional 49,307 shares during the last quarter. OneAscent Investment Solutions LLC purchased a new position in shares of Popular during the 1st quarter valued at $249,000. Finally, Headlands Technologies LLC lifted its position in shares of Popular by 54.8% during the 1st quarter. Headlands Technologies LLC now owns 6,778 shares of the bank's stock valued at $626,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.
Insider Activity at Popular
In other news, EVP Camille Burckhart sold 7,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $104.14, for a total value of $728,980.00. Following the completion of the sale, the executive vice president directly owned 27,382 shares in the company, valued at $2,851,561.48. This represents a 20.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.09% of the stock is owned by company insiders.
Popular Stock Performance
Shares of NASDAQ BPOP traded up $3.6550 during midday trading on Friday, hitting $122.6550. 268,831 shares of the stock traded hands, compared to its average volume of 557,592. The firm has a market capitalization of $8.29 billion, a P/E ratio of 11.89, a PEG ratio of 0.62 and a beta of 0.65. Popular, Inc. has a one year low of $78.23 and a one year high of $123.15. The firm has a 50-day moving average of $113.11 and a two-hundred day moving average of $102.30.
Popular (NASDAQ:BPOP - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The bank reported $3.09 EPS for the quarter, beating the consensus estimate of $2.60 by $0.49. The firm had revenue of $800.03 million during the quarter, compared to analyst estimates of $777.38 million. Popular had a net margin of 16.49% and a return on equity of 12.48%. During the same quarter in the prior year, the firm earned $2.46 EPS. Equities analysts forecast that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on BPOP. Citigroup boosted their price objective on Popular from $133.00 to $142.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. UBS Group restated a "neutral" rating on shares of Popular in a report on Wednesday, July 9th. Wall Street Zen cut Popular from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised their target price on Popular from $125.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Piper Sandler raised their target price on Popular from $110.00 to $123.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.88.
Check Out Our Latest Research Report on BPOP
About Popular
(
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.
Featured Articles
Before you consider Popular, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Popular wasn't on the list.
While Popular currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
