Popular, Inc. $BPOP Holdings Boosted by Fieldview Capital Management LLC

Fieldview Capital Management LLC increased its holdings in Popular, Inc. (NASDAQ:BPOP) by 41.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,874 shares of the bank’s stock after buying an additional 15,438 shares during the quarter. Popular accounts for about 1.1% of Fieldview Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Fieldview Capital Management LLC’s holdings in Popular were worth $6,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its holdings in shares of Popular by 103.6% in the fourth quarter. Barclays PLC now owns 69,114 shares of the bank’s stock worth $8,606,000 after buying an additional 35,161 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Popular in the fourth quarter worth approximately $50,000. Kestra Advisory Services LLC purchased a new position in shares of Popular in the fourth quarter worth approximately $55,000. Marshall Wace LLP boosted its holdings in shares of Popular by 7.6% in the fourth quarter. Marshall Wace LLP now owns 16,982 shares of the bank’s stock worth $2,115,000 after buying an additional 1,199 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Popular by 7.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 366,315 shares of the bank’s stock valued at $45,614,000 after purchasing an additional 24,331 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on BPOP shares. Barclays lifted their price target on shares of Popular from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Royal Bank Of Canada lifted their price target on shares of Popular from $141.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings raised shares of Popular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Zacks Research downgraded shares of Popular from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Wells Fargo & Company lifted their price target on shares of Popular from $135.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $168.73.

Popular Price Performance

Shares of NASDAQ:BPOP opened at $160.95 on Friday. Popular, Inc. has a 1-year low of $102.56 and a 1-year high of $161.26. The company has a market capitalization of $10.39 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.80 and a beta of 0.62. The firm’s 50 day simple moving average is $148.25 and its two-hundred day simple moving average is $136.32.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.48. The firm had revenue of $816.08 million for the quarter, compared to analysts’ expectations of $866.54 million. Popular had a net margin of 20.10% and a return on equity of 14.53%. During the same quarter last year, the business posted $2.56 earnings per share. On average, sell-side analysts anticipate that Popular, Inc. will post 15.14 earnings per share for the current fiscal year.

Popular Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, May 29th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, May 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. Popular’s dividend payout ratio (DPR) is presently 22.16%.

Insider Activity

In other news, Director Alejandro M. Sanchez sold 300 shares of Popular stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $150.36, for a total transaction of $45,108.00. Following the sale, the director owned 3,960 shares in the company, valued at $595,425.60. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maria Cristin Gonzalez-Noguera sold 6,200 shares of Popular stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $148.51, for a total transaction of $920,762.00. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,500 shares of company stock worth $4,415,870 over the last quarter. Insiders own 2.13% of the company’s stock.

Popular Company 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.