California Public Employees Retirement System Increases Stake in Popular, Inc. $BPOP

Posted by Brenda Bartman on Jul 23rd, 2026

California Public Employees Retirement System raised its position in Popular, Inc. (NASDAQ:BPOP – Free Report) by 10.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 151,499 shares of the bank’s stock after acquiring an additional 14,157 shares during the period. California Public Employees Retirement System’s holdings in Popular were worth $20,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acumen Wealth Advisors LLC acquired a new position in shares of Popular during the fourth quarter worth about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Popular during the fourth quarter worth about $28,000. Parallel Advisors LLC lifted its position in Popular by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 246 shares of the bank’s stock valued at $31,000 after purchasing an additional 102 shares during the period. Advisory Services Network LLC acquired a new stake in Popular in the third quarter valued at about $31,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in Popular in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BPOP has been the topic of several recent analyst reports. UBS Group boosted their target price on Popular from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Research cut Popular from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Wells Fargo & Company lifted their price target on Popular from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Truist Financial lifted their price target on Popular from $172.00 to $192.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Benchmark assumed coverage on Popular in a report on Wednesday, July 15th. They set a “buy” rating and a $201.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $177.83.

Get Our Latest Stock Analysis on BPOP

Popular Stock Up 0.9%

Shares of BPOP stock opened at $173.89 on Thursday. The stock has a market cap of $11.22 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.93 and a beta of 0.61. Popular, Inc. has a fifty-two week low of $108.74 and a fifty-two week high of $174.79. The business has a fifty day simple moving average of $159.83 and a 200-day simple moving average of $145.56.

Popular (NASDAQ:BPOP – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $3.78 EPS for the quarter, topping the consensus estimate of $3.30 by $0.48. The business had revenue of $816.08 million for the quarter, compared to analyst estimates of $866.54 million. Popular had a net margin of 20.10% and a return on equity of 14.53%. During the same period in the previous year, the firm earned $2.56 EPS. On average, sell-side analysts anticipate that Popular, Inc. will post 15.05 earnings per share for the current year.

Popular Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, May 29th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, May 29th. Popular’s dividend payout ratio (DPR) is 22.16%.

Insiders Place Their Bets

In other Popular news, EVP Maria Cristin Gonzalez-Noguera sold 6,200 shares of Popular stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $148.51, for a total transaction of $920,762.00. Following the completion of the transaction, the executive vice president owned 11,255 shares in the company, valued at approximately $1,671,480.05. The trade was a 35.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alejandro M. Sanchez sold 300 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $150.36, for a total transaction of $45,108.00. Following the completion of the sale, the director directly owned 3,960 shares in the company, valued at $595,425.60. This trade represents a 7.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 29,500 shares of company stock worth $4,415,870. Insiders own 2.13% of the company’s stock.

About Popular

(Free Report)

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.