GAMMA Investing LLC purchased a new position in shares of Popular, Inc. (NASDAQ:BPOP – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,051 shares of the bank’s stock, valued at approximately $90,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in Popular during the 4th quarter worth approximately $1,563,000. American Century Companies Inc. grew its stake in shares of Popular by 64.9% in the third quarter. American Century Companies Inc. now owns 726,743 shares of the bank’s stock worth $45,792,000 after purchasing an additional 286,119 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Popular by 253.3% in the fourth quarter. Ritholtz Wealth Management now owns 18,568 shares of the bank’s stock worth $1,524,000 after purchasing an additional 13,312 shares during the last quarter. Northern Trust Corp increased its holdings in Popular by 34.2% in the third quarter. Northern Trust Corp now owns 503,917 shares of the bank’s stock valued at $31,752,000 after purchasing an additional 128,304 shares during the period. Finally, Bank of Nova Scotia bought a new position in Popular during the 3rd quarter worth $1,151,000. Institutional investors and hedge funds own 87.27% of the company’s stock.
Insider Transactions at Popular
In related news, EVP Luis E. Cestero sold 4,641 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $84.42, for a total value of $391,793.22. Following the completion of the sale, the executive vice president now directly owns 26,772 shares of the company’s stock, valued at approximately $2,260,092.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Popular news, EVP Luis E. Cestero sold 599 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $85.65, for a total transaction of $51,304.35. Following the transaction, the executive vice president now owns 26,529 shares in the company, valued at $2,272,208.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Luis E. Cestero sold 4,641 shares of Popular stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $84.42, for a total transaction of $391,793.22. Following the transaction, the executive vice president now owns 26,772 shares of the company’s stock, valued at $2,260,092.24. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on BPOP
Popular Stock Down 0.4 %
Popular stock opened at $86.22 on Tuesday. The company has a market capitalization of $6.23 billion, a PE ratio of 12.79 and a beta of 0.82. Popular, Inc. has a 12-month low of $52.32 and a 12-month high of $89.70. The firm’s fifty day moving average is $84.63 and its 200 day moving average is $79.42.
Popular Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $2.48 annualized dividend and a dividend yield of 2.88%. Popular’s dividend payout ratio is currently 36.80%.
Popular Profile
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.
Featured Articles
- Five stocks we like better than Popular
- Trading Halts Explained
- The 3 Hottest Insiders Buys This Month
- Basic Materials Stocks Investing
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- Insider Buying Explained: What Investors Need to Know
- Microsoft Analysis: Trends, Predictions & Investment Insight
Want to see what other hedge funds are holding BPOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Popular, Inc. (NASDAQ:BPOP – Free Report).
Receive News & Ratings for Popular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular and related companies with MarketBeat.com's FREE daily email newsletter.