Popular, Inc. (NASDAQ:BPOP) Shares Sold by LSV Asset Management

LSV Asset Management reduced its holdings in Popular, Inc. (NASDAQ:BPOP - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 559,325 shares of the bank's stock after selling 66,160 shares during the quarter. LSV Asset Management owned 0.78% of Popular worth $52,610,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stifel Financial Corp raised its position in Popular by 4.3% during the third quarter. Stifel Financial Corp now owns 14,167 shares of the bank's stock valued at $1,421,000 after buying an additional 583 shares during the period. State Street Corp raised its stake in shares of Popular by 0.5% in the 3rd quarter. State Street Corp now owns 2,056,377 shares of the bank's stock valued at $207,475,000 after acquiring an additional 10,599 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Popular by 152.8% in the third quarter. XTX Topco Ltd now owns 6,329 shares of the bank's stock worth $635,000 after buying an additional 3,825 shares during the last quarter. MML Investors Services LLC bought a new stake in Popular during the 3rd quarter valued at approximately $216,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Popular during the third quarter worth $611,000. Institutional investors and hedge funds own 87.27% of the company's stock.

Insider Buying and Selling

In related news, EVP Gilberto Monzon sold 9,600 shares of the company'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 completion of the transaction, the executive vice president now owns 39,170 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $1,040,200.00. Following the completion of the transaction, 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 insiders.

Analyst Ratings Changes

A number of research firms have recently commented on BPOP. UBS Group assumed coverage on shares of Popular in a report on Tuesday, December 17th. They set a "neutral" rating and a $104.00 price objective for the company. Barclays increased their price objective on shares of Popular from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, December 20th. Keefe, Bruyette & Woods boosted their price target on shares of Popular from $116.00 to $129.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Wells Fargo & Company raised Popular from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $110.00 to $100.00 in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada lifted their target price on Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.57.

Popular Trading Up 0.9 %

Popular stock traded up $0.74 during trading on Wednesday, hitting $85.19. 292,413 shares of the company were exchanged, compared to its average volume of 473,598. Popular, Inc. has a 52 week low of $78.23 and a 52 week high of $106.81. The business's 50 day moving average is $93.33 and its 200 day moving average is $95.63. The company has a market capitalization of $5.91 billion, a P/E ratio of 9.95, a PEG ratio of 0.75 and a beta of 0.62.

Popular (NASDAQ:BPOP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Popular, Inc. will post 10.06 EPS for the current year.

Popular Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 dividend yield of 3.29%. Popular's dividend payout ratio (DPR) is 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.