Trexquant Investment LP grew its position in Popular, Inc. (NASDAQ:BPOP) by 257.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,498 shares of the bank’s stock after acquiring an additional 16,198 shares during the quarter. Trexquant Investment LP’s holdings in Popular were worth $809,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BPOP. The Manufacturers Life Insurance Company lifted its holdings in shares of Popular by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock worth $124,000 after purchasing an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Popular by 12.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the bank’s stock worth $162,000 after purchasing an additional 423 shares during the period. ETRADE Capital Management LLC acquired a new stake in shares of Popular during the second quarter worth $204,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Popular by 229.4% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 5,600 shares of the bank’s stock worth $233,000 after purchasing an additional 3,900 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Popular by 2.8% during the second quarter. M&T Bank Corp now owns 5,777 shares of the bank’s stock worth $241,000 after purchasing an additional 159 shares during the period. 88.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on BPOP shares. Barclays decreased their price target on Popular from $47.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Zacks Investment Research downgraded Popular from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Compass Point raised Popular from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $50.50 price target on shares of Popular in a report on Wednesday, November 1st. Finally, BTIG Research upgraded Popular from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Popular has an average rating of “Hold” and an average price target of $46.75.

Popular, Inc. (NASDAQ BPOP) opened at $36.26 on Wednesday. The stock has a market capitalization of $3,700.00, a price-to-earnings ratio of 12.09 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 data on Tuesday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.76). The business had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $513.85 million. Popular had a return on equity of 5.70% and a net margin of 9.98%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. analysts expect that Popular, Inc. will post 2.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.76%. The ex-dividend date is Monday, December 4th. Popular’s payout ratio is 51.02%.

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Popular Company Profile

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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