Aigen Investment Management LP Takes Position in Popular, Inc. (NASDAQ:BPOP)

Aigen Investment Management LP purchased a new stake in Popular, Inc. (NASDAQ:BPOP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,120 shares of the bank's stock, valued at approximately $293,000.

Other institutional investors also recently modified their holdings of the company. TCW Group Inc. raised its position in shares of Popular by 15.2% in the third quarter. TCW Group Inc. now owns 94,815 shares of the bank's stock valued at $9,507,000 after purchasing an additional 12,494 shares during the period. Principal Financial Group Inc. raised its position in shares of Popular by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank's stock valued at $105,769,000 after purchasing an additional 71,782 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Popular by 284.9% in the third quarter. Thrivent Financial for Lutherans now owns 72,403 shares of the bank's stock valued at $7,260,000 after purchasing an additional 53,590 shares during the period. Cerity Partners LLC grew its stake in shares of Popular by 83.9% in the third quarter. Cerity Partners LLC now owns 9,546 shares of the bank's stock worth $957,000 after acquiring an additional 4,354 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Popular by 1,719.6% in the fourth quarter. KBC Group NV now owns 37,775 shares of the bank's stock worth $3,553,000 after acquiring an additional 35,699 shares during the last quarter. Institutional investors own 87.27% of the company's stock.

Popular Trading Down 0.5 %

Shares of NASDAQ:BPOP opened at $93.33 on Friday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.75 and a beta of 0.77. Popular, Inc. has a 1-year low of $80.60 and a 1-year high of $106.81. The business has a 50-day moving average price of $99.44 and a two-hundred day moving average price of $97.90.

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Popular (NASDAQ:BPOP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.47. Popular had a return on equity of 11.89% and a net margin of 14.15%. As a group, equities analysts predict that Popular, Inc. will post 10.06 EPS for the current year.

Popular Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.80 annualized dividend and a yield of 3.00%. Popular's dividend payout ratio is currently 32.71%.

Analysts Set New Price Targets

BPOP has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Popular from $116.00 to $129.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Popular from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Popular from $105.00 to $110.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Royal Bank of Canada lifted their price target on Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Barclays lifted their price target on Popular from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $112.25.

Insiders Place Their Bets

In other news, EVP Gilberto Monzon sold 9,600 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the completion of the sale, the executive vice president now directly owns 39,170 shares of the company's stock, valued at $4,017,666.90. This represents a 19.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eduardo J. Negron sold 10,000 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $104.02, for a total value of $1,040,200.00. Following the completion of the sale, the executive vice president now directly owns 32,866 shares of the company's stock, valued at approximately $3,418,721.32. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.13% of the company's stock.

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.

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