Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 62,475 Popular, Inc. (NASDAQ:BPOP)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Popular, Inc. (NASDAQ:BPOP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 62,475 shares of the bank's stock, valued at approximately $5,876,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Popular at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BPOP. Proficio Capital Partners LLC bought a new position in shares of Popular in the fourth quarter worth $27,000. Picton Mahoney Asset Management grew its holdings in Popular by 56.7% during the 4th quarter. Picton Mahoney Asset Management now owns 326 shares of the bank's stock valued at $31,000 after buying an additional 118 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Popular by 56.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock valued at $57,000 after buying an additional 218 shares during the period. Yousif Capital Management LLC bought a new stake in shares of Popular during the fourth quarter valued at about $202,000. Finally, Angeles Wealth Management LLC purchased a new stake in shares of Popular in the fourth quarter worth about $206,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Popular

In related news, EVP Camille Burckhart sold 7,000 shares of Popular stock in a transaction dated Tuesday, June 3rd. The shares were 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 now owns 27,382 shares in the company, valued at $2,851,561.48. This trade represents a 20.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Adorno Denissa Rodriguez sold 500 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.

Popular Trading Down 1.2%

BPOP traded down $1.23 during trading on Wednesday, hitting $104.12. 446,139 shares of the company traded hands, compared to its average volume of 514,320. The stock's 50-day simple moving average is $95.31 and its two-hundred day simple moving average is $96.53. Popular, Inc. has a 1 year low of $78.23 and a 1 year high of $106.81. The company has a market cap of $7.13 billion, a PE ratio of 12.16, a P/E/G 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 for the quarter, beating the consensus estimate of $2.26 by $0.30. The firm had revenue of $755.46 million for the quarter, compared to the consensus estimate of $760.45 million. Popular had a return on equity of 11.89% and a net margin of 14.15%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. Equities analysts expect that Popular, Inc. will post 10.06 EPS for the current year.

Popular Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, May 29th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.69%. Popular's dividend payout ratio is presently 28.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BPOP shares. Keefe, Bruyette & Woods upped their price target on shares of Popular from $122.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen lowered Popular from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Piper Sandler raised their price target 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 upgraded Popular from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $110.00 to $100.00 in a report on Wednesday, April 9th. Finally, Barclays reissued an "overweight" rating and issued a $125.00 price target (up from $115.00) on shares of Popular in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.43.

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.