4,812 Shares in Popular, Inc. (NASDAQ:BPOP) Bought by Diversified Trust Co

Diversified Trust Co bought a new position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,812 shares of the bank's stock, valued at approximately $444,000.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Popular by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock worth $57,000 after purchasing an additional 218 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Popular by 50.0% during the first quarter. Janney Montgomery Scott LLC now owns 14,449 shares of the bank's stock worth $1,335,000 after purchasing an additional 4,818 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Popular by 105.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,256 shares of the bank's stock worth $1,132,000 after purchasing an additional 6,281 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Popular by 4.7% during the first quarter. QRG Capital Management Inc. now owns 4,309 shares of the bank's stock valued at $398,000 after acquiring an additional 195 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Popular by 3.0% during the fourth quarter. American Century Companies Inc. now owns 1,362,875 shares of the bank's stock worth $128,192,000 after purchasing an additional 39,999 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Popular Price Performance

Shares of Popular stock traded up $0.79 during trading on Friday, hitting $114.22. 479,122 shares of the stock were exchanged, compared to its average volume of 535,924. The firm's 50-day moving average price is $104.01 and its 200 day moving average price is $97.83. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63. Popular, Inc. has a 12-month low of $78.23 and a 12-month high of $115.16.

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

Popular Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, May 29th were paid a $0.70 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.80 dividend on an annualized basis and a yield of 2.45%. Popular's dividend payout ratio is presently 28.90%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler raised their price objective on Popular from $110.00 to $123.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Wells Fargo & Company raised shares of Popular from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $110.00 to $100.00 in a research note on Wednesday, April 9th. Barclays reaffirmed an "overweight" rating and set a $125.00 price objective (up previously from $115.00) on shares of Popular in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Popular from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Popular in a report on Monday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Popular has a consensus rating of "Moderate Buy" and a consensus target price of $116.14.

Insider Transactions at Popular

In other 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 transaction of $52,215.00. Following the completion of the sale, the vice president owned 3,604 shares in the company, valued at $376,365.72. This represents a 12.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Camille Burckhart sold 7,000 shares of the 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 sale, the executive vice president directly owned 27,382 shares of the company's stock, valued at approximately $2,851,561.48. This represents 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 currently owned by corporate insiders.

Popular Company Profile

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.