Victory Capital Management Inc. Has $6 Million Stock Holdings in Popular, Inc. (NASDAQ:BPOP)

Victory Capital Management Inc. lessened its position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) by 75.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,742 shares of the bank's stock after selling 199,309 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Popular worth $5,996,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BPOP. Assetmark Inc. lifted its stake in shares of Popular by 4.0% during the third quarter. Assetmark Inc. now owns 3,749 shares of the bank's stock valued at $376,000 after acquiring an additional 143 shares during the period. KBC Group NV lifted its stake in shares of Popular by 19.0% during the third quarter. KBC Group NV now owns 2,076 shares of the bank's stock valued at $208,000 after acquiring an additional 331 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Popular during the third quarter valued at $213,000. Meridian Investment Counsel Inc. acquired a new position in shares of Popular during the third quarter valued at $226,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Popular by 284.9% during the third quarter. Thrivent Financial for Lutherans now owns 72,403 shares of the bank's stock valued at $7,260,000 after acquiring an additional 53,590 shares during the period. Institutional investors and hedge funds own 87.27% of the company's stock.

Insider Buying and Selling

In related 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 transaction, the executive vice president now directly 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 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 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 directly owns 39,170 shares of the company's stock, valued at $4,017,666.90. This trade represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.09% of the stock is owned by corporate insiders.

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Popular Price Performance

Shares of Popular stock traded down $0.48 during trading hours on Tuesday, hitting $89.26. The company's stock had a trading volume of 501,477 shares, compared to its average volume of 430,378. Popular, Inc. has a 12 month low of $80.60 and a 12 month high of $106.81. The stock has a 50 day moving average of $98.77 and a 200 day moving average of $97.41. The company has a market capitalization of $6.21 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.75 and a beta of 0.77.

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

Popular Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.14%. Popular's payout ratio is presently 32.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BPOP shares. Barclays upped their price target on Popular from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Wells Fargo & Company upped their price objective on Popular from $105.00 to $110.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. UBS Group assumed coverage on Popular in a report on Tuesday, December 17th. They issued a "neutral" rating and a $104.00 price objective for the company. Royal Bank of Canada upped their price objective on Popular from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods upped their price objective on Popular from $116.00 to $129.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

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.