Emerald Advisers LLC Has $304,000 Holdings in Popular, Inc. (NASDAQ:BPOP)

Emerald Advisers LLC decreased its holdings in Popular, Inc. (NASDAQ:BPOP - Free Report) by 98.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,234 shares of the bank's stock after selling 161,748 shares during the quarter. Emerald Advisers LLC's holdings in Popular were worth $304,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BPOP. Bank of New York Mellon Corp boosted its position in shares of Popular by 15.4% in the 4th quarter. Bank of New York Mellon Corp now owns 697,389 shares of the bank's stock valued at $65,596,000 after purchasing an additional 93,262 shares during the period. Soros Fund Management LLC acquired a new stake in shares of Popular during the third quarter valued at approximately $9,115,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Popular by 18.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 548,057 shares of the bank's stock valued at $54,954,000 after acquiring an additional 84,839 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Popular in the 3rd quarter worth approximately $8,385,000. Finally, Franklin Resources Inc. grew its position in Popular by 304.3% during the 3rd quarter. Franklin Resources Inc. now owns 99,861 shares of the bank's stock worth $10,042,000 after purchasing an additional 75,164 shares in the last quarter. Institutional investors own 87.27% of the company's stock.

Insider Activity at Popular

In related news, EVP Gilberto Monzon sold 9,600 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 39,170 shares of the company's stock, valued at approximately $4,017,666.90. The trade was a 19.68 % decrease in their ownership of the stock. 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 stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $104.02, for a total transaction 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. 2.09% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BPOP shares. Royal Bank of Canada upped their price target on Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Popular from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Barclays boosted their price objective on shares of Popular from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. UBS Group initiated coverage on shares of Popular in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $104.00 target price for the company. Finally, StockNews.com lowered shares of Popular from a "buy" rating to a "hold" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.00.

Popular Price Performance

Shares of BPOP stock traded down $1.68 on Friday, hitting $91.52. The company's stock had a trading volume of 385,249 shares, compared to its average volume of 453,153. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 0.75 and a beta of 0.77. Popular, Inc. has a fifty-two week low of $80.60 and a fifty-two week high of $106.81. The firm's fifty day moving average price is $97.98 and its 200-day moving average price is $96.95.

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

Popular Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Tuesday, March 18th. Popular's dividend payout ratio is currently 32.71%.

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.