Headlands Technologies LLC increased its position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 54.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,778 shares of the bank's stock after purchasing an additional 2,400 shares during the quarter. Headlands Technologies LLC's holdings in Popular were worth $626,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in shares of Popular by 4.2% during the first quarter. Venturi Wealth Management LLC now owns 2,847 shares of the bank's stock worth $263,000 after purchasing an additional 116 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Popular by 0.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 62,660 shares of the bank's stock worth $5,788,000 after purchasing an additional 185 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Popular by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 31,357 shares of the bank's stock worth $2,949,000 after purchasing an additional 190 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Popular by 3.4% during the first quarter. GSA Capital Partners LLP now owns 5,875 shares of the bank's stock worth $543,000 after purchasing an additional 191 shares during the period. Finally, QRG Capital Management Inc. lifted 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 worth $398,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 87.27% of the company's stock.
Popular Stock Up 0.8%
Shares of Popular stock traded up $0.92 on Wednesday, reaching $118.18. The company's stock had a trading volume of 214,031 shares, compared to its average volume of 563,543. The company has a market capitalization of $8.10 billion, a P/E ratio of 11.45, a PEG ratio of 0.59 and a beta of 0.65. Popular, Inc. has a 52-week low of $78.23 and a 52-week high of $118.74. The stock has a 50-day moving average price of $111.21 and a 200-day moving average price of $101.51.
Popular (NASDAQ:BPOP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $3.09 EPS for the quarter, beating analysts' consensus estimates of $2.60 by $0.49. The business had revenue of $800.03 million during the quarter, compared to analysts' expectations of $777.38 million. Popular had a return on equity of 12.60% and a net margin of 16.49%. During the same period in the previous year, the business earned $2.46 earnings per share. Sell-side analysts forecast that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.
Insider Activity at Popular
In related news, EVP Camille Burckhart sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $104.14, for a total transaction of $728,980.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.09% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms recently commented on BPOP. Hovde Group lifted their target price on Popular from $126.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. UBS Group reissued a "neutral" rating on shares of Popular in a report on Wednesday, July 9th. Royal Bank Of Canada reissued an "outperform" rating on shares of Popular in a report on Thursday, July 24th. Barclays boosted their price target on Popular from $125.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen downgraded Popular from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Popular currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.88.
Read Our Latest 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.
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