Numerai GP LLC bought a new stake in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,437 shares of the bank's stock, valued at approximately $1,076,000.
Other large investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its stake 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 purchasing an additional 118 shares during the period. Smartleaf Asset Management LLC raised its stake in Popular by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock valued at $57,000 after purchasing an additional 218 shares during the period. R Squared Ltd acquired a new stake in Popular during the 4th quarter valued at $166,000. Yousif Capital Management LLC acquired a new stake in Popular during the 4th quarter valued at $202,000. Finally, Angeles Wealth Management LLC acquired a new stake in Popular during the 4th quarter valued at $206,000. 87.27% of the stock is owned by institutional investors and hedge funds.
Popular Trading Up 0.4%
NASDAQ BPOP opened at $104.07 on Wednesday. Popular, Inc. has a 1-year low of $78.23 and a 1-year high of $106.81. The company has a market capitalization of $7.22 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.75 and a beta of 0.60. The firm's fifty day simple moving average is $91.05 and its 200-day simple moving average is $95.40.
Popular (NASDAQ:BPOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $2.56 earnings per share 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 the consensus estimate of $760.45 million. Popular had a net margin of 14.15% and a return on equity of 11.89%. Popular's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. As a group, analysts predict that Popular, Inc. will post 10.06 EPS for the current year.
Popular Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 2.69%. Popular's dividend payout ratio (DPR) is presently 28.90%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on BPOP shares. Wells Fargo & Company raised shares of Popular from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $110.00 to $100.00 in a research note on Wednesday, April 9th. Barclays reissued an "overweight" rating and set a $125.00 target price (up from $115.00) on shares of Popular in a research note on Thursday, April 24th. Hovde Group dropped their price target on shares of Popular from $118.00 to $114.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. 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 research note on Thursday, April 24th. Finally, StockNews.com downgraded shares of Popular from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Popular currently has an average rating of "Moderate Buy" and a consensus target price of $111.14.
Check Out Our Latest Stock Analysis on BPOP
Popular Company Profile
(
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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