Popular, Inc. $BPOP Shares Acquired by Boston Partners

Boston Partners boosted its position in Popular, Inc. (NASDAQ:BPOP) by 110.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,644 shares of the bank’s stock after purchasing an additional 7,674 shares during the period. Boston Partners’ holdings in Popular were worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Steph & Co. purchased a new position in shares of Popular during the 2nd quarter worth approximately $39,000. Allworth Financial LP grew its holdings in Popular by 2,158.8% during the second quarter. Allworth Financial LP now owns 384 shares of the bank’s stock worth $42,000 after acquiring an additional 367 shares during the period. Farther Finance Advisors LLC raised its position in Popular by 112.2% in the second quarter. Farther Finance Advisors LLC now owns 418 shares of the bank’s stock worth $46,000 after acquiring an additional 221 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Popular in the first quarter valued at $47,000. Finally, IFP Advisors Inc lifted its holdings in Popular by 3,925.0% in the second quarter. IFP Advisors Inc now owns 483 shares of the bank’s stock valued at $53,000 after acquiring an additional 471 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Insider Buying and Selling at Popular

In other news, EVP Gilberto Monzon sold 18,001 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $124.47, for a total transaction of $2,240,584.47. Following the completion of the sale, the executive vice president directly owned 24,773 shares of the company’s stock, valued at $3,083,495.31. The trade was a 42.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BPOP shares. Barclays reaffirmed an “overweight” rating on shares of Popular in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Popular in a report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Popular in a research note on Thursday, July 24th. Zacks Research upgraded Popular from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Finally, Truist Financial assumed coverage on shares of Popular in a research note on Thursday, October 9th. They issued a “buy” rating and a $153.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Popular currently has a consensus rating of “Buy” and an average price target of $133.56.

Popular Trading Down 0.2%

NASDAQ BPOP opened at $115.44 on Friday. The business’s 50-day moving average price is $120.23 and its 200 day moving average price is $114.22. Popular, Inc. has a twelve month low of $78.23 and a twelve month high of $129.32. The company has a market capitalization of $7.70 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 0.47 and a beta of 0.72.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Thursday, October 23rd. The bank reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.10. The company had revenue of $720.83 million during the quarter, compared to the consensus estimate of $803.95 million. Popular had a net margin of 17.63% and a return on equity of 13.46%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.16 EPS. Equities analysts predict that Popular, Inc. will post 10.06 EPS for the current year.

Popular Announces Dividend

The business also recently declared a sep 25 dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.1328 per share. Popular’s dividend payout ratio is currently 26.55%.

About Popular

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.