State of Alaska Department of Revenue purchased a new stake in shares of Popular Inc (NASDAQ:BPOP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,910 shares of the bank’s stock, valued at approximately $209,000.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its position in Popular by 58.5% during the second quarter. Royal Bank of Canada now owns 90,040 shares of the bank’s stock valued at $3,756,000 after acquiring an additional 33,229 shares in the last quarter. American Century Companies Inc. purchased a new position in Popular during the third quarter valued at approximately $9,497,000. Sei Investments Co. raised its position in Popular by 126.4% during the third quarter. Sei Investments Co. now owns 45,544 shares of the bank’s stock valued at $1,636,000 after acquiring an additional 25,424 shares in the last quarter. Stevens Capital Management LP raised its position in Popular by 30.9% during 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 in the last quarter. Finally, Cipher Capital LP raised its position in Popular by 14.8% during the third quarter. Cipher Capital LP now owns 103,069 shares of the bank’s stock valued at $3,704,000 after acquiring an additional 13,308 shares in the last quarter. Institutional investors own 88.26% of the company’s stock.

Shares of Popular Inc (NASDAQ:BPOP) opened at $40.38 on Thursday. The company has a market capitalization of $4,104.19, a P/E ratio of 15.06 and a beta of 1.19. Popular Inc has a 1-year low of $32.04 and a 1-year high of $45.96.

Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.22. The firm had revenue of $473.35 million for the quarter. Popular had a return on equity of 5.25% and a net margin of 4.89%. research analysts anticipate that Popular Inc will post 3.88 EPS for the current fiscal year.

Several analysts have commented on BPOP shares. Compass Point raised Popular from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Barclays raised Popular from an “equal weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a report on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $50.50 price objective on shares of Popular in a report on Wednesday, November 1st. Zacks Investment Research raised Popular from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, ValuEngine raised Popular from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $47.07.

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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.

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Institutional Ownership by Quarter for Popular (NASDAQ:BPOP)

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