Popular, Inc. (NASDAQ:BPOP) Shares Bought by Versor Investments LP

Versor Investments LP boosted its position in Popular, Inc. (NASDAQ:BPOP - Free Report) by 418.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,700 shares of the bank's stock after buying an additional 15,900 shares during the quarter. Versor Investments LP's holdings in Popular were worth $1,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BPOP. Mercer Global Advisors Inc. ADV lifted its stake in shares of Popular by 3.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,087 shares of the bank's stock worth $361,000 after acquiring an additional 118 shares in the last quarter. Assetmark Inc. raised its position in shares of Popular by 4.0% in the 3rd quarter. Assetmark Inc. now owns 3,749 shares of the bank's stock valued at $376,000 after purchasing an additional 143 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Popular by 16.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,259 shares of the bank's stock valued at $111,000 after buying an additional 181 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Popular by 7.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,040 shares of the bank's stock valued at $268,000 after buying an additional 208 shares during the last quarter. Finally, Wedmont Private Capital grew its position in shares of Popular by 9.5% during the second quarter. Wedmont Private Capital now owns 2,987 shares of the bank's stock worth $278,000 after buying an additional 258 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Popular Stock Up 3.2 %

NASDAQ BPOP traded up $2.98 during trading hours on Monday, hitting $97.31. The company had a trading volume of 540,503 shares, compared to its average volume of 423,035. The firm has a market cap of $7.04 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 0.74 and a beta of 0.79. Popular, Inc. has a fifty-two week low of $67.24 and a fifty-two week high of $105.01. The business has a fifty day simple moving average of $96.78 and a 200-day simple moving average of $93.73.

Popular (NASDAQ:BPOP - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.16 earnings per share for the quarter, missing analysts' consensus estimates of $2.33 by ($0.17). The firm had revenue of $736.56 million during the quarter, compared to analyst estimates of $766.62 million. Popular had a return on equity of 11.65% and a net margin of 12.36%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. Equities analysts forecast that Popular, Inc. will post 8.46 EPS for the current fiscal year.

Popular Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.62 per share. The ex-dividend date was Friday, September 13th. This represents a $2.48 annualized dividend and a dividend yield of 2.55%. Popular's dividend payout ratio is presently 33.70%.

Insider Transactions at Popular

In related news, EVP Camille Burckhart sold 5,917 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $97.60, for a total value of $577,499.20. Following the sale, the executive vice president now directly owns 29,922 shares in the company, valued at $2,920,387.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Adorno Denissa Rodriguez sold 1,825 shares of Popular stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $97.71, for a total transaction of $178,320.75. Following the transaction, the vice president now directly owns 3,332 shares of the company's stock, valued at $325,569.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Camille Burckhart sold 5,917 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $97.60, for a total transaction of $577,499.20. Following the completion of the sale, the executive vice president now owns 29,922 shares in the company, valued at approximately $2,920,387.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,242 shares of company stock worth $1,102,880. Company insiders own 2.09% of the company's stock.

Wall Street Analyst Weigh In

BPOP has been the topic of a number of research analyst reports. Hovde Group increased their price objective on shares of Popular from $113.00 to $123.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $120.00 price target (up previously from $110.00) on shares of Popular in a research report on Thursday, July 25th. Wells Fargo & Company lowered their price objective on Popular from $105.00 to $98.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Piper Sandler decreased their target price on Popular from $112.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. Finally, Royal Bank of Canada dropped their price target on Popular from $108.00 to $96.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $104.88.

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.