Popular Director Sells $13,463,163 in Stock (BPOP)
Popular (NASDAQ:BPOP) Director David E. Goel sold 466,176 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $28.88, for a total transaction of $13,463,162.88. Following the sale, the director now directly owns 2,398 shares in the company, valued at approximately $69,254. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Popular (NASDAQ:BPOP) traded down 0.03% during mid-day trading on Friday, hitting $28.96. The stock had a trading volume of 371,569 shares. Popular has a 1-year low of $23.97 and a 1-year high of $34.34. The stock’s 50-day moving average is $30.30 and its 200-day moving average is $28.66. The company has a market cap of $2.996 billion and a P/E ratio of 3.72.
Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. During the same quarter in the previous year, the company posted ($1.18) earnings per share. On average, analysts predict that Popular will post $2.76 earnings per share for the current fiscal year.
A number of research firms have recently commented on BPOP. Analysts at Guggenheim raised their price target on shares of Popular from $3.00 to $34.00 in a research note on Thursday, April 24th. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Popular from $25.00 to $26.00 in a research note on Thursday, March 27th. Finally, analysts at BTIG Research initiated coverage on shares of Popular in a research note on Monday, March 17th. They set a “buy” rating and a $42.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.60.
Popular, Inc (NASDAQ:BPOP) is a diversified, publicly owned bank holding company.
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