10,386 Shares in Popular, Inc. (NASDAQ:BPOP) Bought by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in Popular, Inc. (NASDAQ:BPOP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,386 shares of the bank's stock, valued at approximately $977,000.

Several other hedge funds also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC boosted its holdings in Popular by 73.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 28,521 shares of the bank's stock valued at $2,683,000 after purchasing an additional 12,107 shares during the period. AQR Capital Management LLC boosted its stake in Popular by 2.7% during the fourth quarter. AQR Capital Management LLC now owns 937,274 shares of the bank's stock valued at $88,160,000 after buying an additional 24,842 shares during the period. Northern Trust Corp grew its position in Popular by 13.3% during the fourth quarter. Northern Trust Corp now owns 535,540 shares of the bank's stock worth $50,373,000 after buying an additional 63,019 shares in the last quarter. Oxford Asset Management LLP purchased a new position in Popular during the fourth quarter worth about $261,000. Finally, Voya Investment Management LLC increased its stake in Popular by 71.9% in the 4th quarter. Voya Investment Management LLC now owns 20,728 shares of the bank's stock worth $1,950,000 after acquiring an additional 8,671 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.

Wall Street Analyst Weigh In

BPOP has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded Popular from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $110.00 to $100.00 in a research report on Wednesday, April 9th. StockNews.com lowered shares of Popular from a "buy" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada increased their price target on shares of Popular from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Popular from $122.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Hovde Group cut their target price on shares of Popular from $118.00 to $114.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $111.14.

Popular Trading Down 0.3 %

Shares of NASDAQ:BPOP traded down $0.30 on Tuesday, reaching $99.18. 145,969 shares of the company traded hands, compared to its average volume of 489,293. The stock has a market capitalization of $6.88 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 0.75 and a beta of 0.60. The business's 50-day simple moving average is $90.57 and its 200 day simple moving average is $95.08. Popular, Inc. has a 52 week low of $78.23 and a 52 week high of $106.81.

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, topping the consensus estimate of $2.26 by $0.30. Popular had a return on equity of 11.89% and a net margin of 14.15%. The business had revenue of $755.46 million for the quarter, compared to analyst estimates of $760.45 million. During the same period last year, the company earned $1.43 EPS. Popular's revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts expect that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.82%. Popular's dividend payout ratio is currently 28.90%.

Insider Buying and Selling at Popular

In other news, EVP Gilberto Monzon sold 9,600 shares of the company'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 of the company's stock, valued at approximately $4,017,666.90. This represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.09% of the stock is currently owned by corporate insiders.

About Popular

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.