Chicago Equity Partners LLC trimmed its holdings in Popular Inc (NASDAQ:BPOP) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,870 shares of the bank’s stock after selling 18,950 shares during the quarter. Chicago Equity Partners LLC owned about 0.09% of Popular worth $4,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc increased its position in Popular by 4.5% in the 3rd quarter. Vanguard Group Inc now owns 9,585,130 shares of the bank’s stock valued at $491,239,000 after buying an additional 412,087 shares in the last quarter. Vanguard Group Inc. increased its position in Popular by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,585,130 shares of the bank’s stock valued at $491,239,000 after buying an additional 412,087 shares in the last quarter. Copper Rock Capital Partners LLC bought a new stake in Popular in the 4th quarter valued at about $10,664,000. FMR LLC increased its position in Popular by 4.2% in the 3rd quarter. FMR LLC now owns 4,581,966 shares of the bank’s stock valued at $234,826,000 after buying an additional 185,160 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Popular by 92.9% in the 3rd quarter. Renaissance Technologies LLC now owns 360,825 shares of the bank’s stock valued at $18,492,000 after buying an additional 173,800 shares in the last quarter. 87.07% of the stock is currently owned by institutional investors.
Shares of Popular stock opened at $54.76 on Tuesday. The stock has a market capitalization of $5.41 billion, a P/E ratio of 11.48 and a beta of 1.20. Popular Inc has a one year low of $39.02 and a one year high of $58.55.
Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Wednesday, January 23rd. The bank reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.06). The company had revenue of $629.39 million for the quarter, compared to the consensus estimate of $602.90 million. Popular had a return on equity of 9.41% and a net margin of 23.01%. During the same period in the prior year, the firm posted ($1.01) earnings per share. On average, equities analysts anticipate that Popular Inc will post 6.01 earnings per share for the current fiscal year.
A number of brokerages recently commented on BPOP. Zacks Investment Research raised Popular from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research report on Friday, October 26th. BidaskClub lowered Popular from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. Citigroup boosted their target price on Popular from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, Barclays reaffirmed a “buy” rating and issued a $59.00 target price on shares of Popular in a research report on Friday, January 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.63.
In other Popular news, insider Gilberto Monzon sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $54.13, for a total transaction of $216,520.00. Following the completion of the sale, the insider now directly owns 38,588 shares of the company’s stock, valued at approximately $2,088,768.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eli Sepulveda sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $55.60, for a total value of $278,000.00. Following the sale, the executive vice president now directly owns 36,008 shares of the company’s stock, valued at $2,002,044.80. The disclosure for this sale can be found here. Insiders own 1.38% of the company’s stock.
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Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
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