OLD Mission Capital LLC Purchases Shares of 5,639 Popular, Inc. (NASDAQ:BPOP)

OLD Mission Capital LLC bought a new position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,639 shares of the bank's stock, valued at approximately $530,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in Popular by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 2,239 shares of the bank's stock worth $211,000 after acquiring an additional 112 shares during the period. Picton Mahoney Asset Management increased its stake in shares of Popular by 56.7% in the 4th quarter. Picton Mahoney Asset Management now owns 326 shares of the bank's stock valued at $31,000 after acquiring an additional 118 shares in the last quarter. Arizona State Retirement System boosted its stake in Popular by 0.7% during the fourth quarter. Arizona State Retirement System now owns 20,953 shares of the bank's stock worth $1,971,000 after acquiring an additional 143 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Popular by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 30,709 shares of the bank's stock worth $2,888,000 after purchasing an additional 214 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Popular by 56.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock valued at $57,000 after purchasing an additional 218 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

Insider Activity at Popular

In related news, EVP Eduardo J. Negron sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $104.02, for a total transaction of $1,040,200.00. Following the sale, the executive vice president now owns 32,866 shares of the company's stock, valued at approximately $3,418,721.32. This represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gilberto Monzon sold 9,600 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 39,170 shares in the company, valued at approximately $4,017,666.90. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.23% of the stock is currently owned by company insiders.

Popular Stock Down 5.8 %

BPOP stock traded down $5.07 during midday trading on Thursday, hitting $81.84. The company's stock had a trading volume of 128,350 shares, compared to its average volume of 468,208. Popular, Inc. has a 1 year low of $78.23 and a 1 year high of $106.81. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.75 and a beta of 0.62. The stock's 50-day moving average price is $94.83 and its 200 day moving average price is $96.08.

Popular (NASDAQ:BPOP - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities analysts forecast that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.

Popular Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.42%. The ex-dividend date was Tuesday, March 18th. Popular's dividend payout ratio (DPR) is currently 32.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BPOP. 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. Barclays boosted their price objective on Popular from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, December 20th. Royal Bank of Canada lifted their price target on shares of Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Popular from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Finally, UBS Group started coverage on Popular in a research note on Tuesday, December 17th. They set a "neutral" rating and a $104.00 price target for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $111.57.

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.