Popular, Inc. (NASDAQ:BPOP) Holdings Trimmed by Fmr LLC

FMR LLC trimmed its holdings in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,201,552 shares of the bank's stock after selling 46,297 shares during the period. FMR LLC owned about 4.49% of Popular worth $301,138,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BPOP. Stifel Financial Corp boosted its holdings in Popular by 4.3% in the 3rd quarter. Stifel Financial Corp now owns 14,167 shares of the bank's stock worth $1,421,000 after acquiring an additional 583 shares during the period. State Street Corp boosted its stake in shares of Popular by 0.5% in the third quarter. State Street Corp now owns 2,056,377 shares of the bank's stock valued at $207,475,000 after purchasing an additional 10,599 shares during the period. XTX Topco Ltd grew its holdings in Popular by 152.8% during the 3rd quarter. XTX Topco Ltd now owns 6,329 shares of the bank's stock valued at $635,000 after purchasing an additional 3,825 shares in the last quarter. MML Investors Services LLC purchased a new stake in Popular during the 3rd quarter worth $216,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Popular in the 3rd quarter worth $611,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Popular

In other Popular news, EVP Gilberto Monzon sold 9,600 shares of the business's stock in a transaction on Thursday, February 6th. The stock was 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 owns 39,170 shares in the company, valued at approximately $4,017,666.90. The trade was a 19.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eduardo J. Negron sold 10,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now directly owns 32,866 shares in the company, valued at $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. Insiders own 2.09% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on BPOP shares. Keefe, Bruyette & Woods boosted their price target on Popular from $116.00 to $129.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company upgraded Popular from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $110.00 to $100.00 in a research note on Wednesday, April 9th. Barclays raised their price target on shares of Popular from $110.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Royal Bank of Canada upped their price target 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, StockNews.com raised shares of Popular from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Popular presently has a consensus rating of "Moderate Buy" and an average price target of $111.57.

Popular Price Performance

NASDAQ:BPOP traded down $0.08 during midday trading on Wednesday, reaching $84.37. 89,820 shares of the company traded hands, compared to its average volume of 596,579. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. The company has a fifty day moving average price of $93.33 and a 200 day moving average price of $95.63. Popular, Inc. has a twelve month low of $78.23 and a twelve month high of $106.81.

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

Popular Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.32%. Popular's dividend payout ratio (DPR) is presently 32.71%.

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.