Popular, Inc. (NASDAQ:BPOP – Get Free Report) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $168.7273.
Several research firms have issued reports on BPOP. Keefe, Bruyette & Woods lifted their price objective on Popular from $155.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Citigroup lifted their price objective on Popular from $170.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. UBS Group lifted their price objective on Popular from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research downgraded Popular from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Royal Bank Of Canada boosted their price target on Popular from $141.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, April 24th.
View Our Latest Stock Report on BPOP
Insider Activity
Institutional Investors Weigh In On Popular
A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Popular by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 8,489,936 shares of the bank’s stock valued at $1,057,167,000 after acquiring an additional 37,424 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Popular by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,361,681 shares of the bank’s stock valued at $543,117,000 after purchasing an additional 58,452 shares during the period. AQR Capital Management LLC boosted its position in Popular by 56.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,962,871 shares of the bank’s stock valued at $376,314,000 after purchasing an additional 1,065,452 shares during the period. Geode Capital Management LLC boosted its position in Popular by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,405,575 shares of the bank’s stock valued at $175,057,000 after purchasing an additional 64,778 shares during the period. Finally, LSV Asset Management boosted its position in Popular by 9.3% during the 4th quarter. LSV Asset Management now owns 1,043,733 shares of the bank’s stock valued at $129,966,000 after purchasing an additional 88,765 shares during the period. 87.27% of the stock is currently owned by institutional investors.
Popular Stock Down 1.0%
BPOP stock opened at $159.31 on Thursday. Popular has a 52-week low of $102.56 and a 52-week high of $162.97. The stock’s 50 day moving average is $148.70 and its two-hundred day moving average is $136.80. The company has a market capitalization of $10.28 billion, a PE ratio of 11.77, a P/E/G ratio of 0.80 and a beta of 0.62.
Popular (NASDAQ:BPOP – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.48. Popular had a return on equity of 14.53% and a net margin of 20.10%.The company had revenue of $816.08 million for the quarter, compared to the consensus estimate of $866.54 million. During the same period in the previous year, the business earned $2.56 EPS. As a group, sell-side analysts anticipate that Popular will post 15.14 EPS for the current year.
Popular Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, May 29th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, May 29th. Popular’s payout ratio is 22.16%.
About Popular
Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.
The company’s product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.
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