Aquatic Capital Management LLC Has $213,000 Stake in Popular, Inc. (NASDAQ:BPOP)

Aquatic Capital Management LLC lowered its stake in shares of Popular, Inc. (NASDAQ:BPOP) by 82.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,262 shares of the bank’s stock after selling 10,638 shares during the period. Aquatic Capital Management LLC’s holdings in Popular were worth $213,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BPOP. Picton Mahoney Asset Management increased its stake in Popular by 56.7% in the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 118 shares during the period. Smartleaf Asset Management LLC boosted its stake in Popular by 56.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank’s stock valued at $57,000 after buying an additional 218 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Popular in the third quarter valued at $81,000. R Squared Ltd acquired a new position in Popular during the fourth quarter worth $166,000. Finally, Yousif Capital Management LLC bought a new position in shares of Popular during the fourth quarter valued at $202,000. Institutional investors own 87.27% of the company’s stock.

Insider Transactions at Popular

In other Popular news, EVP Gilberto Monzon sold 9,600 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the transaction, the executive vice president now directly owns 39,170 shares of the company’s stock, valued at $4,017,666.90. This represents a 19.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.09% of the stock is currently owned by corporate insiders.

Popular Price Performance

BPOP stock opened at $99.61 on Friday. Popular, Inc. has a fifty-two week low of $78.23 and a fifty-two week high of $106.81. The business has a 50-day moving average of $90.59 and a 200-day moving average of $95.14. The stock has a market capitalization of $6.91 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.75 and a beta of 0.60.

Popular (NASDAQ:BPOP) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.30. Popular had a return on equity of 11.89% and a net margin of 14.15%. The company had revenue of $755.46 million during the quarter, compared to analysts’ expectations of $760.45 million. During the same quarter last year, the company earned $1.43 EPS. Popular’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts expect that Popular, Inc. will post 10.06 EPS for the current year.

Popular Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, March 18th. Popular’s dividend payout ratio is 28.90%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Popular from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on shares of Popular from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Barclays reiterated an “overweight” rating and issued a $125.00 price target (up previously from $115.00) on shares of Popular in a report on Thursday, April 24th. StockNews.com lowered shares of Popular from a “buy” rating to a “hold” rating in a report on Friday. Finally, Hovde Group decreased their price objective on shares of Popular from $118.00 to $114.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Popular currently has an average rating of “Moderate Buy” and an average price target of $111.14.

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.