UBS Asset Management Americas Inc. reduced its holdings in shares of Popular Inc (NASDAQ:BPOP) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,231 shares of the bank’s stock after selling 5,950 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.11% of Popular worth $3,841,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BPOP. The Manufacturers Life Insurance Company lifted its holdings in Popular by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock worth $124,000 after acquiring an additional 200 shares during the period. American Century Companies Inc. bought a new stake in Popular during the third quarter worth $9,497,000. Prudential Financial Inc. lifted its holdings in Popular by 63.9% during the third quarter. Prudential Financial Inc. now owns 903,755 shares of the bank’s stock worth $32,480,000 after acquiring an additional 352,420 shares during the period. Boston Partners lifted its holdings in Popular by 11.2% during the third quarter. Boston Partners now owns 334,913 shares of the bank’s stock worth $12,036,000 after acquiring an additional 33,710 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in Popular by 462.0% during the third quarter. BNP Paribas Arbitrage SA now owns 9,459 shares of the bank’s stock worth $340,000 after acquiring an additional 7,776 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research lowered Popular from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded Popular from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Sandler O’Neill set a $48.00 price target on Popular and gave the stock a “buy” rating in a report on Thursday, February 15th. Keefe, Bruyette & Woods set a $49.00 price target on Popular and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Morgan Stanley lifted their price target on Popular from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $48.31.
Popular (NASDAQ:BPOP) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.22. The firm had revenue of $473.35 million for the quarter. Popular had a return on equity of 5.29% and a net margin of 4.89%. equities analysts forecast that Popular Inc will post 3.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.25%. Popular’s payout ratio is presently 99.01%.
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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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