Savant Capital LLC Sells 6,920 Shares of Popular, Inc. (NASDAQ:BPOP)

Savant Capital LLC decreased its position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 60.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,541 shares of the bank's stock after selling 6,920 shares during the quarter. Savant Capital LLC's holdings in Popular were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BPOP. State Street Corp lifted its holdings 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 worth $207,475,000 after acquiring an additional 10,599 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Popular by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank's stock worth $105,769,000 after purchasing an additional 71,782 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Popular by 8.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 902,931 shares of the bank's stock worth $90,537,000 after purchasing an additional 67,620 shares during the last quarter. Verition Fund Management LLC raised its holdings in Popular by 3.7% during the 3rd quarter. Verition Fund Management LLC now owns 629,537 shares of the bank's stock worth $63,124,000 after purchasing an additional 22,355 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake 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. Institutional investors own 87.27% of the company's stock.

Popular Stock Performance

BPOP traded down $1.36 during midday trading on Thursday, hitting $103.96. The stock had a trading volume of 455,345 shares, compared to its average volume of 459,417. The company has a market cap of $7.41 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 0.76 and a beta of 0.82. The business has a fifty day moving average of $98.36 and a 200 day moving average of $97.68. Popular, Inc. has a 1 year low of $80.60 and a 1 year high of $106.81.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Popular in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $104.00 price target for the company. Barclays lifted their price objective on shares of Popular from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. Piper Sandler cut their price target on shares of Popular from $112.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on Popular from $105.00 to $110.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upped their price target on Popular from $116.00 to $129.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.25.

Insider Activity

In other news, EVP Eduardo J. Negron sold 10,000 shares of the stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gilberto Monzon sold 9,600 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $102.57, for a total value 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. This represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.09% of the company's stock.

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.