GTS Securities LLC acquired a new stake in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,284 shares of the bank's stock, valued at approximately $309,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Popular by 8.5% in the third quarter. Barclays PLC now owns 60,099 shares of the bank's stock worth $6,024,000 after purchasing an additional 4,699 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Popular by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,631 shares of the bank's stock worth $906,000 after purchasing an additional 349 shares during the last quarter. KBC Group NV grew its stake in shares of Popular by 1,719.6% in the fourth quarter. KBC Group NV now owns 37,775 shares of the bank's stock worth $3,553,000 after purchasing an additional 35,699 shares during the last quarter. R Squared Ltd bought a new stake in shares of Popular in the fourth quarter worth about $166,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Popular in the fourth quarter worth about $202,000. 87.27% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, VP Adorno Denissa Rodriguez sold 500 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $104.43, for a total value of $52,215.00. Following the completion of the transaction, the vice president now directly owns 3,604 shares in the company, valued at $376,365.72. The trade was a 12.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.09% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several analysts recently issued reports on BPOP shares. Barclays reissued an "overweight" rating and issued a $125.00 target price (up from $115.00) on shares of Popular in a research note on Thursday, April 24th. Keefe, Bruyette & Woods lifted their price objective on Popular from $122.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Wells Fargo & Company raised Popular from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $110.00 to $100.00 in a research report on Wednesday, April 9th. Hovde Group cut their price objective on Popular from $118.00 to $114.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen cut Popular from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $114.43.
Check Out Our Latest Analysis on BPOP
Popular Stock Up 0.0%
Shares of BPOP stock traded up $0.05 during trading hours on Friday, hitting $103.80. 545,698 shares of the company's stock traded hands, compared to its average volume of 511,362. The stock's fifty day simple moving average is $94.39 and its two-hundred day simple moving average is $96.33. Popular, Inc. has a 12-month low of $78.23 and a 12-month high of $106.81. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 0.75 and a beta of 0.60.
Popular (NASDAQ:BPOP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The bank reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.30. Popular had a net margin of 14.15% and a return on equity of 11.89%. The firm had revenue of $755.46 million during the quarter, compared to analyst estimates of $760.45 million. During the same period last year, the business earned $1.43 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.
Popular Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, May 29th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.80 dividend on an annualized basis and a yield of 2.70%. Popular's payout ratio is currently 28.90%.
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.
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