AIA Group Ltd Has $483,000 Stock Holdings in Popular, Inc. (NASDAQ:BPOP)

AIA Group Ltd decreased its position in shares of Popular, Inc. (NASDAQ:BPOP) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,821 shares of the bank’s stock after selling 249 shares during the period. AIA Group Ltd’s holdings in Popular were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of Popular in the third quarter valued at approximately $29,000. Headlands Technologies LLC acquired a new stake in shares of Popular in the 1st quarter valued at $42,000. Mather Group LLC. acquired a new stake in shares of Popular in the 2nd quarter valued at $44,000. Meeder Asset Management Inc. acquired a new position in shares of Popular during the 2nd quarter worth $48,000. Finally, GAMMA Investing LLC lifted its position in shares of Popular by 16.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,259 shares of the bank’s stock worth $111,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Popular Trading Down 1.7 %

Shares of Popular stock opened at $94.33 on Friday. The company has a market cap of $6.82 billion, a P/E ratio of 12.82, a PEG ratio of 0.78 and a beta of 0.79. The business has a 50-day moving average price of $96.78 and a two-hundred day moving average price of $93.70. Popular, Inc. has a 1-year low of $66.72 and a 1-year high of $105.01.

Popular (NASDAQ:BPOP) last issued its earnings results on Wednesday, October 23rd. The bank reported $2.16 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.17). The business had revenue of $736.56 million during the quarter, compared to the consensus estimate of $766.62 million. Popular had a return on equity of 11.65% and a net margin of 12.36%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Equities research analysts forecast that Popular, Inc. will post 8.46 EPS for the current fiscal year.

Popular Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.63%. Popular’s payout ratio is presently 33.70%.

Insiders Place Their Bets

In other news, EVP Camille Burckhart sold 5,917 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $577,499.20. Following the transaction, the executive vice president now owns 29,922 shares in the company, valued at approximately $2,920,387.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Popular news, EVP Beatriz Castellvi sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $99.16, for a total transaction of $347,060.00. Following the completion of the sale, the executive vice president now owns 25,115 shares in the company, valued at approximately $2,490,403.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Camille Burckhart sold 5,917 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $577,499.20. Following the completion of the transaction, the executive vice president now directly owns 29,922 shares in the company, valued at $2,920,387.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,242 shares of company stock worth $1,102,880. 2.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on BPOP shares. Wells Fargo & Company decreased their target price on Popular from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Hovde Group upped their price objective on shares of Popular from $113.00 to $123.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $120.00 price target (up from $110.00) on shares of Popular in a research note on Thursday, July 25th. Barclays cut their target price on shares of Popular from $117.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Finally, Royal Bank of Canada cut their price target on shares of Popular from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Popular presently has an average rating of “Moderate Buy” and a consensus target price of $104.88.

Popular 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.