Popular, Inc. (NASDAQ:BPOP) Shares Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,661 shares of the bank's stock after buying an additional 4,876 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.15% of Popular worth $10,315,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc grew its stake in Popular by 5.3% in 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. Assetmark Inc. boosted its holdings in shares of Popular by 4.0% during the third quarter. Assetmark Inc. now owns 3,749 shares of the bank's stock worth $376,000 after purchasing an additional 143 shares during the last quarter. Arizona State Retirement System grew its position in shares of Popular by 0.7% in the fourth quarter. Arizona State Retirement System now owns 20,953 shares of the bank's stock valued at $1,971,000 after purchasing an additional 143 shares during the period. Pathstone Holdings LLC increased its stake in Popular by 0.8% in the third quarter. Pathstone Holdings LLC now owns 19,690 shares of the bank's stock valued at $1,974,000 after purchasing an additional 148 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Popular by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 30,709 shares of the bank's stock valued at $2,888,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

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Insider Activity

In other news, EVP Gilberto Monzon sold 9,600 shares of the firm's 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 $4,017,666.90. This trade 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 is available at this hyperlink. Also, EVP Eduardo J. Negron sold 10,000 shares of Popular stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $104.02, for a total value of $1,040,200.00. Following the sale, the executive vice president now directly owns 32,866 shares in the company, valued at approximately $3,418,721.32. The trade was 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.

Analyst Upgrades and Downgrades

Several analysts have commented on BPOP shares. UBS Group began coverage on Popular in a report on Tuesday, December 17th. They issued a "neutral" rating and a $104.00 price target for the company. Royal Bank of Canada upped their price target on shares of Popular from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Barclays lifted their price target 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 objective on shares of Popular from $116.00 to $129.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their target price on Popular from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $113.00.

Popular Stock Performance

Shares of NASDAQ:BPOP traded down $1.18 during midday trading on Tuesday, hitting $89.26. 501,477 shares of the company's stock traded hands, compared to its average volume of 430,378. The firm's fifty day moving average price is $98.77 and its two-hundred day moving average price is $97.41. Popular, Inc. has a twelve month low of $80.60 and a twelve month high of $106.81. The company has a market cap of $6.21 billion, a PE ratio of 10.43, a P/E/G ratio of 0.75 and a beta of 0.77.

Popular (NASDAQ:BPOP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.14%. The ex-dividend date is Tuesday, March 18th. Popular's dividend payout ratio (DPR) is 32.71%.

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.