Popular, Inc. (NASDAQ:BPOP) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lessened its position in shares of Popular, Inc. (NASDAQ:BPOP) by 41.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,692 shares of the bank’s stock after selling 1,922 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Popular were worth $253,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BPOP. TCW Group Inc. raised its position in Popular by 15.2% in the third quarter. TCW Group Inc. now owns 94,815 shares of the bank’s stock valued at $9,507,000 after purchasing an additional 12,494 shares during the period. Principal Financial Group Inc. increased its position in shares of Popular by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank’s stock worth $105,769,000 after purchasing an additional 71,782 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Popular by 284.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 72,403 shares of the bank’s stock valued at $7,260,000 after buying an additional 53,590 shares during the period. Cerity Partners LLC lifted its position in Popular by 83.9% in the third quarter. Cerity Partners LLC now owns 9,546 shares of the bank’s stock valued at $957,000 after buying an additional 4,354 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Popular by 279.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 38,798 shares of the bank’s stock worth $3,890,000 after buying an additional 28,574 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Popular from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on Popular from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. StockNews.com upgraded Popular from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. UBS Group started coverage on Popular in a report on Tuesday, December 17th. They issued a “neutral” rating and a $104.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on Popular from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.25.

Popular Price Performance

BPOP stock opened at $103.69 on Friday. The business’s 50-day moving average is $97.38 and its two-hundred day moving average is $97.50. The firm has a market capitalization of $7.39 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.74 and a beta of 0.82. Popular, Inc. has a 1 year low of $80.60 and a 1 year high of $106.46.

Popular (NASDAQ:BPOP) last issued its earnings results on Tuesday, January 28th. The bank reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.47. Popular had a net margin of 14.15% and a return on equity of 11.89%. On average, analysts expect that Popular, Inc. will post 10.06 EPS for the current year.

Popular Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 6th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from Popular’s previous quarterly dividend of $0.62. Popular’s payout ratio is presently 32.71%.

Insider Activity at Popular

In related news, EVP Eduardo J. Negron sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $104.02, for a total value of $1,040,200.00. Following the completion of the transaction, the executive vice president now directly owns 32,866 shares of the company’s stock, valued at $3,418,721.32. This represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.13% of the stock is currently owned by corporate insiders.

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.