Aquatic Capital Management LLC lowered its position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 82.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,262 shares of the bank's stock after selling 10,638 shares during the period. Aquatic Capital Management LLC's holdings in Popular were worth $213,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in Popular in the fourth quarter valued at approximately $27,000. Picton Mahoney Asset Management raised its position in Popular by 56.7% in 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 last quarter. Smartleaf Asset Management LLC boosted its stake in Popular by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock worth $57,000 after purchasing an additional 218 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Popular during the 3rd quarter worth $81,000. Finally, R Squared Ltd acquired a new position in Popular in the fourth quarter valued at $166,000. 87.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
BPOP has been the subject of several analyst reports. Wells Fargo & Company raised Popular from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $110.00 to $100.00 in a research note on Wednesday, April 9th. StockNews.com downgraded Popular from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Popular from $122.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Royal Bank of Canada raised their target price on shares of Popular from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Finally, Barclays reiterated an "overweight" rating and set a $125.00 price target (up from $115.00) on shares of Popular in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $111.14.
Check Out Our Latest Analysis on BPOP
Insider Activity
In other Popular news, EVP Gilberto Monzon sold 9,600 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $102.57, for a total transaction of $984,672.00. Following the completion of the transaction, the executive vice president now directly owns 39,170 shares in the company, valued at approximately $4,017,666.90. This trade represents a 19.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.09% of the company's stock.
Popular Trading Down 0.0 %
Shares of BPOP traded down $0.02 during trading hours on Wednesday, reaching $99.03. The company had a trading volume of 486,964 shares, compared to its average volume of 492,166. Popular, Inc. has a 12-month low of $78.23 and a 12-month high of $106.81. The firm has a 50 day simple moving average of $90.55 and a 200-day simple moving average of $95.10. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.75 and a beta of 0.60.
Popular (NASDAQ:BPOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.30. The company had revenue of $755.46 million during 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%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. Sell-side analysts forecast that Popular, Inc. will post 10.06 earnings per share for the current year.
Popular Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.83%. The ex-dividend date was Tuesday, March 18th. Popular's dividend payout ratio (DPR) is 28.90%.
Popular 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.
Featured Stories
Before you consider Popular, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Popular wasn't on the list.
While Popular currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
