ETRADE Capital Management LLC Has $294,000 Stake in Popular, Inc. (BPOP)
ETRADE Capital Management LLC lifted its stake in shares of Popular, Inc. (NASDAQ:BPOP) by 67.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,178 shares of the bank’s stock after purchasing an additional 3,295 shares during the quarter. ETRADE Capital Management LLC’s holdings in Popular were worth $294,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC boosted its stake in Popular by 113.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 546,907 shares of the bank’s stock valued at $19,655,000 after buying an additional 290,224 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Popular in the third quarter valued at about $713,000. Cipher Capital LP boosted its stake in Popular by 14.8% in the third quarter. Cipher Capital LP now owns 103,069 shares of the bank’s stock valued at $3,704,000 after buying an additional 13,308 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Popular in the third quarter valued at about $291,000. Finally, ClariVest Asset Management LLC boosted its stake in Popular by 242.1% in the third quarter. ClariVest Asset Management LLC now owns 125,900 shares of the bank’s stock valued at $4,524,000 after buying an additional 89,100 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Popular, Inc. (NASDAQ BPOP) opened at $35.32 on Tuesday. Popular, Inc. has a 12 month low of $32.04 and a 12 month high of $45.96. The company has a market capitalization of $3,636.22, a PE ratio of 12.38 and a beta of 1.31.
Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.76). Popular had a net margin of 9.98% and a return on equity of 5.70%. The firm had revenue of $478.50 million for the quarter, compared to analyst estimates of $513.85 million. During the same period in the previous year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. equities research analysts anticipate that Popular, Inc. will post 2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.83%. Popular’s dividend payout ratio (DPR) is 50.76%.
A number of brokerages have recently commented on BPOP. Zacks Investment Research raised Popular from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, September 15th. ValuEngine lowered Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Barclays lifted their price target on Popular from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and set a $50.50 price target on shares of Popular in a research note on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods raised Popular from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $46.75.
Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.
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