Minneapolis Portfolio Management Group LLC raised its stake in shares of Popular, Inc. (NASDAQ:BPOP) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 482,416 shares of the bank’s stock after purchasing an additional 7,385 shares during the quarter. Popular accounts for about 2.5% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 21st biggest position. Minneapolis Portfolio Management Group LLC owned about 0.47% of Popular worth $17,338,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of BPOP. American Century Companies Inc. bought a new stake in Popular in the third quarter valued at about $9,497,000. Stevens Capital Management LP increased its stake in Popular by 30.9% in the third quarter. Stevens Capital Management LP now owns 63,503 shares of the bank’s stock valued at $2,282,000 after acquiring an additional 14,975 shares during the period. Frontier Capital Management Co. LLC increased its stake in Popular by 0.6% in the third quarter. Frontier Capital Management Co. LLC now owns 3,449,027 shares of the bank’s stock valued at $123,958,000 after acquiring an additional 21,271 shares during the period. First Quadrant L P CA increased its stake in Popular by 31.4% in the third quarter. First Quadrant L P CA now owns 324,089 shares of the bank’s stock valued at $11,648,000 after acquiring an additional 77,456 shares during the period. Finally, Denali Advisors LLC increased its stake in Popular by 72.7% in the third quarter. Denali Advisors LLC now owns 48,700 shares of the bank’s stock valued at $1,750,000 after acquiring an additional 20,500 shares during the period. Institutional investors own 84.82% of the company’s stock.

A number of research firms recently weighed in on BPOP. Compass Point raised shares of Popular from a “neutral” rating to a “buy” rating in a research note on Friday. Barclays PLC upped their target price on shares of 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 issued a $50.50 target price on shares of Popular in a research note on Wednesday, November 1st. BTIG Research raised shares of Popular from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of Popular from a “buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.75.

Popular, Inc. (NASDAQ:BPOP) traded up $0.05 during trading hours on Tuesday, reaching $34.20. 1,207,987 shares of the company’s stock were exchanged, compared to its average volume of 1,593,710. The firm has a market capitalization of $3,484.20, a price-to-earnings ratio of 11.86 and a beta of 1.33. Popular, Inc. has a 52-week low of $32.04 and a 52-week high of $45.96.

Popular (NASDAQ:BPOP) last released 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). The firm had revenue of $478.50 million during the quarter, compared to analyst estimates of $513.85 million. Popular had a net margin of 9.98% and a return on equity of 5.72%. Popular’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. equities research analysts anticipate that Popular, Inc. will post 3.36 earnings per share for the current year.

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About Popular

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.

Institutional Ownership by Quarter for Popular (NASDAQ:BPOP)

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