Crossmark Global Holdings Inc. Buys Shares of 85,576 Popular, Inc. (NASDAQ:BPOP)

Crossmark Global Holdings Inc. acquired a new position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 85,576 shares of the bank's stock, valued at approximately $7,905,000. Crossmark Global Holdings Inc. owned about 0.12% of Popular as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management raised its holdings in shares of Popular by 56.7% in the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank's stock worth $31,000 after acquiring an additional 118 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Popular by 56.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock worth $57,000 after acquiring an additional 218 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Popular by 589.9% in the first quarter. Versant Capital Management Inc now owns 821 shares of the bank's stock worth $76,000 after acquiring an additional 702 shares during the last quarter. Crestline Management LP acquired a new position in shares of Popular in the fourth quarter worth $215,000. Finally, AXQ Capital LP acquired a new position in shares of Popular in the fourth quarter worth $224,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Popular news, VP Adorno Denissa Rodriguez sold 500 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $104.43, for a total value of $52,215.00. Following the transaction, the vice president directly owned 3,604 shares of the company's stock, valued at $376,365.72. This represents a 12.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Camille Burckhart sold 7,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $104.14, for a total value of $728,980.00. Following the completion of the transaction, the executive vice president directly owned 27,382 shares in the company, valued at approximately $2,851,561.48. The trade was a 20.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on Popular from $125.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. Wall Street Zen lowered Popular from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods upped their target price on Popular from $122.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. UBS Group reiterated a "neutral" rating on shares of Popular in a research note on Wednesday. Finally, Hovde Group boosted their price target on Popular from $114.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, June 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Popular presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.29.

Popular Price Performance

NASDAQ BPOP traded down $0.35 on Friday, reaching $113.41. The company had a trading volume of 362,220 shares, compared to its average volume of 537,896. The firm has a market capitalization of $7.77 billion, a PE ratio of 11.70, a P/E/G ratio of 0.68 and a beta of 0.63. Popular, Inc. has a 1 year low of $78.23 and a 1 year high of $115.96. The firm has a 50-day moving average of $106.06 and a 200-day moving average of $98.71.

Popular (NASDAQ:BPOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.30. The firm had revenue of $755.46 million during the quarter, compared to analysts' expectations of $760.45 million. Popular had a return on equity of 12.22% and a net margin of 15.82%. Popular's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. As a group, sell-side analysts expect that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, May 29th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, May 29th. Popular's dividend payout ratio is presently 28.90%.

About Popular

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.