Picton Mahoney Asset Management Has $31,000 Stock Holdings in Popular, Inc. (NASDAQ:BPOP)

Picton Mahoney Asset Management lifted its holdings in Popular, Inc. (NASDAQ:BPOP) by 56.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326 shares of the bank’s stock after buying an additional 118 shares during the quarter. Picton Mahoney Asset Management’s holdings in Popular were worth $31,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BPOP. Proficio Capital Partners LLC acquired a new position in shares of Popular during the fourth quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in Popular during the 3rd quarter worth $47,000. Smartleaf Asset Management LLC boosted its position in Popular by 56.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank’s stock valued at $57,000 after buying an additional 218 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Popular in the 3rd quarter valued at $81,000. Finally, R Squared Ltd bought a new stake in shares of Popular during the fourth quarter worth $166,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Insider Activity

In related news, EVP Eduardo J. Negron sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $104.02, for a total transaction of $1,040,200.00. Following the sale, the executive vice president now directly owns 32,866 shares in the company, valued at $3,418,721.32. This trade represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gilberto Monzon sold 9,600 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $102.57, for a total transaction of $984,672.00. Following the completion of the sale, the executive vice president now directly owns 39,170 shares in the company, valued at $4,017,666.90. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BPOP shares. StockNews.com upgraded Popular from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. UBS Group started coverage on shares of Popular in a research report on Tuesday, December 17th. They set a “neutral” rating and a $104.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Popular from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Barclays lifted their target price on shares of Popular from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, Keefe, Bruyette & Woods increased their price target on Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Popular Stock Performance

Shares of NASDAQ BPOP opened at $90.44 on Tuesday. The firm has a 50 day moving average price of $98.77 and a 200 day moving average price of $97.41. The stock has a market cap of $6.30 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.75 and a beta of 0.77. Popular, Inc. has a 52-week low of $80.60 and a 52-week high of $106.81.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.47. Popular had a net margin of 14.15% and a return on equity of 11.89%. Analysts predict that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.

Popular Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Tuesday, March 18th. Popular’s dividend payout ratio is currently 32.71%.

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.