Secured Retirement Advisors LLC Sells 420 Shares of Popular, Inc. $BPOP

Secured Retirement Advisors LLC reduced its stake in Popular, Inc. (NASDAQ:BPOP) by 2.8% during the second quarter, Holdings Channel.com reports. The firm owned 14,467 shares of the bank’s stock after selling 420 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Popular were worth $1,594,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BPOP. Steph & Co. bought a new position in shares of Popular in the second quarter worth about $39,000. Farther Finance Advisors LLC raised its stake in Popular by 112.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 418 shares of the bank’s stock worth $46,000 after acquiring an additional 221 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Popular during the 1st quarter worth approximately $47,000. Quarry LP bought a new stake in Popular during the 1st quarter worth approximately $84,000. Finally, Hilltop National Bank bought a new stake in Popular during the 2nd quarter worth approximately $143,000. 87.27% of the stock is owned by institutional investors.

Popular Price Performance

NASDAQ:BPOP opened at $125.31 on Wednesday. Popular, Inc. has a 1 year low of $78.23 and a 1 year high of $129.32. The stock’s 50 day simple moving average is $122.43 and its two-hundred day simple moving average is $108.75. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.66 and a beta of 0.68.

Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Wednesday, July 23rd. The bank reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.49. Popular had a net margin of 16.49% and a return on equity of 12.48%. The company had revenue of $800.03 million for the quarter, compared to analysts’ expectations of $777.38 million. During the same quarter in the previous year, the business posted $2.46 earnings per share. As a group, analysts anticipate that Popular, Inc. will post 10.06 EPS for the current year.

Popular Dividend Announcement

The firm also recently announced a sep 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.1328 dividend. Popular’s dividend payout ratio (DPR) is presently 29.07%.

Insiders Place Their Bets

In other news, EVP Gilberto Monzon sold 18,001 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $124.47, for a total transaction of $2,240,584.47. Following the transaction, the executive vice president owned 24,773 shares of the company’s stock, valued at approximately $3,083,495.31. The trade was a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on BPOP shares. Weiss Ratings restated a “buy (b)” rating on shares of Popular in a research report on Saturday, September 27th. Hovde Group reissued an “outperform” rating on shares of Popular in a report on Friday, August 29th. Barclays raised their price target on Popular from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. UBS Group reissued a “neutral” rating on shares of Popular in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Popular in a research note on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.13.

Popular Company 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.