Sapience Investments LLC bought a new position in shares of Popular Inc (NASDAQ:BPOP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 279,955 shares of the bank’s stock, valued at approximately $9,936,000. Sapience Investments LLC owned 0.27% of Popular as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BPOP. Investec Asset Management LTD grew its holdings in shares of Popular by 270.1% in the 3rd quarter. Investec Asset Management LTD now owns 3,640,138 shares of the bank’s stock valued at $130,827,000 after buying an additional 2,656,548 shares during the period. Deutsche Bank AG grew its holdings in shares of Popular by 1,878.6% in the 4th quarter. Deutsche Bank AG now owns 1,128,779 shares of the bank’s stock valued at $40,055,000 after buying an additional 1,071,729 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Popular in the 4th quarter valued at $16,032,000. Prudential Financial Inc. grew its holdings in shares of Popular by 63.9% in the 3rd quarter. Prudential Financial Inc. now owns 903,755 shares of the bank’s stock valued at $32,480,000 after buying an additional 352,420 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of Popular by 113.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 546,907 shares of the bank’s stock valued at $19,655,000 after buying an additional 290,224 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.
Popular Inc (NASDAQ BPOP) opened at $44.61 on Monday. The firm has a market cap of $4,557.96, a price-to-earnings ratio of 44.17 and a beta of 1.10. Popular Inc has a one year low of $32.04 and a one year high of $46.83.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.00 annualized dividend and a yield of 2.24%. Popular’s dividend payout ratio (DPR) is presently 99.01%.
Several equities analysts have recently issued reports on BPOP shares. Keefe, Bruyette & Woods raised shares of Popular from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 28th. ValuEngine raised shares of Popular from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Morgan Stanley boosted their price target on shares of Popular from $40.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Citigroup started coverage on shares of Popular in a report on Thursday, December 21st. They issued a “buy” rating and a $47.00 price target for the company. Finally, Zacks Investment Research raised shares of Popular from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.31.
Popular Company Profile
Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.
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