Voleon Capital Management LP bought a new position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,386 shares of the bank's stock, valued at approximately $977,000.
Other large investors have also recently modified their holdings of the company. Picton Mahoney Asset Management boosted its stake in Popular by 56.7% in the fourth 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 boosted its stake in shares of Popular by 56.6% in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Popular during the 3rd quarter valued at approximately $81,000. R Squared Ltd acquired a new position in Popular during the 4th quarter worth approximately $166,000. Finally, Yousif Capital Management LLC bought a new position in Popular in the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 87.27% of the company's stock.
Insider Activity at Popular
In other news, EVP Gilberto Monzon sold 9,600 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now owns 39,170 shares of the company's stock, valued at $4,017,666.90. This trade represents a 19.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.09% of the stock is owned by corporate insiders.
Popular Trading Up 3.0 %
NASDAQ:BPOP traded up $2.86 on Friday, reaching $99.61. 469,306 shares of the stock traded hands, compared to its average volume of 491,186. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. Popular, Inc. has a 1-year low of $78.23 and a 1-year high of $106.81. The company's 50 day moving average is $90.59 and its 200-day moving average is $95.18.
Popular (NASDAQ:BPOP - Get Free Report) last announced its 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 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%. Popular's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. On average, equities research analysts forecast that Popular, Inc. will post 10.06 EPS for the current fiscal year.
Popular Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Tuesday, March 18th. Popular's dividend payout ratio is 28.90%.
Analysts Set New Price Targets
BPOP has been the topic of a number of research reports. StockNews.com cut shares of Popular from a "buy" rating to a "hold" rating in a research note on Friday. Hovde Group dropped their target price on Popular from $118.00 to $114.00 and set an "outperform" rating for the company in a research report 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 report on Thursday, April 24th. Royal Bank of Canada raised their price objective on shares of Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Barclays reissued an "overweight" rating and set a $125.00 target price (up from $115.00) on shares of Popular in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $111.14.
Read Our Latest Report on Popular
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.
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