Aigen Investment Management LP acquired a new position in shares of Popular, Inc. (NASDAQ:BPOP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,120 shares of the bank's stock, valued at approximately $293,000.
Several other hedge funds have also recently bought and sold shares of BPOP. Proficio Capital Partners LLC acquired a new position in Popular during the fourth quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Popular during the third quarter worth $35,000. Brooklyn Investment Group acquired a new position in Popular during the third quarter worth $47,000. Smartleaf Asset Management LLC raised its stake in Popular by 56.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank's stock worth $57,000 after acquiring an additional 218 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Popular during the third quarter worth $81,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.
In other news, 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 transaction of $1,040,200.00. Following the transaction, the executive vice president now owns 32,866 shares in the company, valued at $3,418,721.32. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gilberto Monzon sold 9,600 shares of Popular stock in a transaction dated 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 in the company, valued at $4,017,666.90. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.13% of the company's stock.
BPOP stock traded down $0.50 during midday trading on Friday, reaching $93.33. The stock had a trading volume of 635,564 shares, compared to its average volume of 481,063. The business has a fifty day simple moving average of $99.44 and a two-hundred day simple moving average of $97.90. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.75 and a beta of 0.77. Popular, Inc. has a twelve month low of $80.60 and a twelve month high of $106.81.
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 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 analysts predict that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, March 18th. Popular's dividend payout ratio (DPR) is currently 32.71%.
Several research analysts have issued reports on BPOP shares. Wells Fargo & Company raised their target price on Popular from $105.00 to $110.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. UBS Group started coverage on Popular in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $104.00 target price for the company. Barclays raised their target price on Popular from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Keefe, Bruyette & Woods raised their target price on Popular from $116.00 to $129.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Popular from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Popular currently has an average rating of "Moderate Buy" and a consensus target price of $112.25.
Read Our Latest Research Report on 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.
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