Schonfeld Strategic Advisors LLC Has $2.68 Million Stock Position in Popular, Inc. (NASDAQ:BPOP)

Schonfeld Strategic Advisors LLC raised its position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 73.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,521 shares of the bank's stock after purchasing an additional 12,107 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Popular were worth $2,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Popular by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 9,286,832 shares of the bank's stock worth $873,519,000 after purchasing an additional 56,222 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Popular by 5.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,192,769 shares of the bank's stock worth $394,373,000 after buying an additional 201,067 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Popular by 1.3% in the 4th quarter. Wellington Management Group LLP now owns 1,908,406 shares of the bank's stock valued at $179,505,000 after acquiring an additional 25,222 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Popular by 57.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,418,729 shares of the bank's stock valued at $133,446,000 after acquiring an additional 515,798 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Popular by 3.0% during the 4th quarter. American Century Companies Inc. now owns 1,362,875 shares of the bank's stock valued at $128,192,000 after acquiring an additional 39,999 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.

Popular Price Performance

NASDAQ BPOP traded down $0.18 during mid-day trading on Friday, reaching $100.31. 365,068 shares of the stock were exchanged, compared to its average volume of 495,163. The stock has a market cap of $6.96 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.75 and a beta of 0.60. The stock has a 50 day simple moving average of $90.67 and a 200-day simple moving average of $95.19. Popular, Inc. has a one year low of $78.23 and a one year high of $106.81.

Popular (NASDAQ:BPOP - Get Free Report) last announced its quarterly earnings data 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. Popular had a return on equity of 11.89% and a net margin of 14.15%. The company had revenue of $755.46 million for the quarter, compared to the consensus estimate of $760.45 million. During the same period in the previous year, the business earned $1.43 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, May 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, May 29th. Popular's dividend payout ratio (DPR) is 28.90%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank of Canada increased their target price on Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Hovde Group dropped their price objective on shares of Popular from $118.00 to $114.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company upgraded shares of Popular from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $110.00 to $100.00 in a research report on Wednesday, April 9th. StockNews.com downgraded shares of Popular from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Barclays reissued an "overweight" rating and issued a $125.00 price objective (up previously 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 issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $111.14.

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.