Arbejdsmarkedets Tillaegspension bought a new stake in Popular, Inc. (NASDAQ:BPOP – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 199,494 shares of the bank’s stock, valued at approximately $24,841,000. Popular comprises 0.6% of Arbejdsmarkedets Tillaegspension’s investment portfolio, making the stock its 11th biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Popular in the third quarter valued at approximately $31,000. Quarry LP boosted its stake in shares of Popular by 117.7% in the third quarter. Quarry LP now owns 540 shares of the bank’s stock valued at $69,000 after buying an additional 292 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Popular by 84.2% in the third quarter. Smartleaf Asset Management LLC now owns 593 shares of the bank’s stock valued at $76,000 after buying an additional 271 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Popular in the fourth quarter valued at approximately $83,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Popular by 63.6% in the second quarter. Osaic Holdings Inc. now owns 1,515 shares of the bank’s stock valued at $164,000 after buying an additional 589 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Alejandro M. Sanchez sold 1,451 shares of Popular stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $140.85, for a total transaction of $204,373.35. Following the completion of the transaction, the director directly owned 3,415 shares of the company’s stock, valued at approximately $481,002.75. The trade was a 29.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alejandro M. Ballester sold 23,000 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $150.00, for a total value of $3,450,000.00. Following the completion of the transaction, the director directly owned 34,588 shares of the company’s stock, valued at approximately $5,188,200. This trade represents a 39.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,651 shares of company stock valued at $4,575,135. 2.13% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Popular
Popular Stock Performance
Shares of BPOP stock opened at $144.84 on Friday. The stock has a fifty day moving average price of $140.05 and a 200 day moving average price of $130.85. The stock has a market cap of $9.35 billion, a PE ratio of 10.70, a P/E/G ratio of 0.71 and a beta of 0.63. Popular, Inc. has a 1 year low of $100.54 and a 1 year high of $152.95.
Popular (NASDAQ:BPOP – Get Free Report) last issued 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. The firm had revenue of $816.08 million during the quarter, compared to analysts’ expectations of $866.54 million. Popular had a return on equity of 14.53% and a net margin of 20.10%.During the same period in the previous year, the firm posted $2.56 earnings per share. As a group, equities research analysts predict that Popular, Inc. will post 15.14 earnings per share for the current year.
Popular Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, May 29th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $3.00 annualized dividend and a yield of 2.1%. Popular’s payout ratio is currently 22.16%.
Popular Profile
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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