4,346 Shares in Popular, Inc. $BPOP Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC purchased a new position in shares of Popular, Inc. (NASDAQ:BPOP) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,346 shares of the bank’s stock, valued at approximately $676,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BPOP. Public Employees Retirement System of Ohio bought a new position in Popular during the 2nd quarter valued at $3,245,000. Bank of America Corp DE raised its stake in shares of Popular by 8.2% in the first quarter. Bank of America Corp DE now owns 465,720 shares of the bank’s stock valued at $62,486,000 after buying an additional 35,226 shares during the period. Bank of New York Mellon Corp purchased a new stake in Popular during the second quarter valued at about $54,916,000. Insight Wealth Strategies LLC purchased a new stake in shares of Popular during the 2nd quarter valued at approximately $6,914,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Popular in the second quarter worth $5,344,000. 87.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BPOP shares. Citigroup upped their price target on shares of Popular from $192.00 to $193.00 and gave the stock a “buy” rating in a report on Monday, October 26th. Royal Bank Of Canada lifted their price target on Popular from $163.00 to $181.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Truist Financial increased their target price on shares of Popular from $192.00 to $197.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wells Fargo & Company cut their price target on shares of Popular from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Popular in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $186.83.

Insider Activity

In related news, VP Adorno Rodriguez sold 600 shares of Popular stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $168.79, for a total transaction of $101,274.00. Following the completion of the sale, the vice president owned 2,492 shares in the company, valued at $420,624.68. This trade represents a 19.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Javier D. Ferrer sold 35,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $175.43, for a total transaction of $6,140,050.00. Following the completion of the sale, the chief executive officer directly owned 96,478 shares of the company’s stock, valued at approximately $16,925,135.54. This trade represents a 26.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,100 shares of company stock valued at $8,263,884 in the last quarter. 2.13% of the stock is currently owned by company insiders.

Popular Trading Down 1.2%

BPOP opened at $156.61 on Friday. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.57 and a beta of 0.63. Popular, Inc. has a 12-month low of $109.01 and a 12-month high of $179.24. The company’s 50 day moving average is $161.73 and its 200 day moving average is $153.16.

Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.26. The business had revenue of $874.59 million for the quarter, compared to the consensus estimate of $904.43 million. Popular had a net margin of 22.36% and a return on equity of 16.08%. During the same quarter in the previous year, the firm earned $3.14 earnings per share. As a group, analysts predict that Popular, Inc. will post 15.95 EPS for the current fiscal year.

Popular Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, November 13th will be given a $0.90 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.3%. Popular’s dividend payout ratio (DPR) is currently 22.68%.

Popular Profile

Popular, Inc (NASDAQ: BPOP) is a financial services company headquartered in San Juan, Puerto Rico. Its principal subsidiary, Banco Popular de Puerto Rico, provides banking services to individuals, businesses and institutions, including deposit accounts, consumer and commercial loans, residential mortgages, credit cards and electronic banking services.

The company also offers investment, brokerage, insurance and wealth management services through specialized subsidiaries and affiliated businesses.