Schonfeld Strategic Advisors LLC Boosts Position in Popular, Inc. (NASDAQ:BPOP)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management increased 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 buying an additional 118 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Popular during the 3rd quarter valued at $81,000. R Squared Ltd bought a new position in Popular during the 4th quarter valued at approximately $166,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Popular in the 4th quarter worth about $202,000. Institutional investors and hedge funds own 87.27% of the company's stock.

Popular Stock Up 1.5 %

BPOP stock traded up $1.52 during mid-day trading on Thursday, hitting $100.55. The company had a trading volume of 435,113 shares, compared to its average volume of 493,869. Popular, Inc. has a 12-month low of $78.23 and a 12-month high of $106.81. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.75 and a beta of 0.60. The company has a 50-day moving average price of $90.52 and a 200 day moving average price of $95.13.

Popular (NASDAQ:BPOP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.30. The business had revenue of $755.46 million for the quarter, compared to analysts' expectations of $760.45 million. Popular had a return on equity of 11.89% and a net margin of 14.15%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. As a group, analysts expect 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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.78%. Popular's dividend payout ratio (DPR) is presently 28.90%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BPOP. Barclays reaffirmed 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. Keefe, Bruyette & Woods boosted their price target on Popular from $122.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. StockNews.com downgraded shares of Popular from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Hovde Group decreased their target price on shares of Popular from $118.00 to $114.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada lifted their price target 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $111.14.

Popular 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.