Popular, Inc. (NASDAQ:BPOP) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Popular, Inc. (NASDAQ:BPOP - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,108,821 shares of the bank's stock after buying an additional 19,849 shares during the quarter. Dimensional Fund Advisors LP owned 5.69% of Popular worth $337,213,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Popular by 21.7% during the third quarter. Wellington Management Group LLP now owns 3,599,881 shares of the bank's stock valued at $226,829,000 after purchasing an additional 642,694 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Popular by 64.9% in the third quarter. American Century Companies Inc. now owns 726,743 shares of the bank's stock valued at $45,792,000 after acquiring an additional 286,119 shares in the last quarter. rhino investment partners Inc lifted its position in shares of Popular by 145.1% in the third quarter. rhino investment partners Inc now owns 478,004 shares of the bank's stock valued at $30,119,000 after acquiring an additional 283,004 shares in the last quarter. Fourth Sail Capital LP bought a new position in shares of Popular in the fourth quarter worth about $22,184,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Popular during the third quarter worth about $11,555,000. Institutional investors own 87.27% of the company's stock.

Insider Transactions at Popular

In other Popular news, EVP Luis E. Cestero sold 4,641 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $84.42, for a total value of $391,793.22. Following the completion of the sale, the executive vice president now directly owns 26,772 shares in the company, valued at approximately $2,260,092.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Popular news, EVP Manuel Chinea sold 12,000 shares of the company's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $90.70, for a total transaction of $1,088,400.00. Following the completion of the sale, the executive vice president now owns 27,086 shares in the company, valued at $2,456,700.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Luis E. Cestero sold 4,641 shares of Popular stock in a transaction on Friday, March 8th. The shares were sold at an average price of $84.42, for a total value of $391,793.22. Following the completion of the transaction, the executive vice president now owns 26,772 shares in the company, valued at $2,260,092.24. The disclosure for this sale can be found here. Corporate insiders own 2.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Hovde Group lifted their price objective on Popular from $112.00 to $113.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. UBS Group lifted their price objective on shares of Popular from $84.00 to $91.00 and gave the stock a "neutral" rating in a research note on Friday, January 26th. Wells Fargo & Company upped their target price on shares of Popular from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $110.00 price objective (up from $103.00) on shares of Popular in a research note on Wednesday, April 24th. Finally, Barclays boosted their target price on Popular from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Popular currently has an average rating of "Moderate Buy" and a consensus target price of $99.89.

Popular Trading Down 0.0 %

Shares of NASDAQ BPOP traded down $0.04 during mid-day trading on Monday, reaching $90.88. The company had a trading volume of 275,219 shares, compared to its average volume of 427,682. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.86 and a beta of 0.81. Popular, Inc. has a 52 week low of $54.26 and a 52 week high of $91.61. The business's 50-day moving average is $85.55 and its 200-day moving average is $81.08.

Popular Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, May 30th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, May 30th. Popular's dividend payout ratio (DPR) is presently 36.80%.

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.