TCW Group Inc. decreased its holdings in Popular, Inc. (NASDAQ:BPOP) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,590 shares of the bank’s stock after selling 11,935 shares during the quarter. TCW Group Inc. owned 0.11% of Popular worth $3,867,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in Popular by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock worth $124,000 after buying an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Popular by 12.2% in the 2nd 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 position in Popular in the 2nd quarter worth approximately $204,000. Cornerstone Capital Management Holdings LLC. boosted its stake in Popular by 229.4% in the 2nd 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 boosted its stake in Popular by 2.8% in the 2nd 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. Hedge funds and other institutional investors own 85.57% of the company’s stock.

A number of equities analysts recently commented on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Popular in a research note on Friday, July 28th. Zacks Investment Research raised shares of Popular from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, September 15th. ValuEngine lowered shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Barclays PLC raised their price objective on shares of Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Popular currently has an average rating of “Hold” and an average price target of $46.75.

Shares of Popular, Inc. (NASDAQ BPOP) traded up $0.19 during trading hours on Friday, hitting $33.56. 769,500 shares of the company’s stock were exchanged, compared to its average volume of 731,073. The firm has a market cap of $3,404.62, a price-to-earnings ratio of 11.59 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 issued its earnings results on Tuesday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.76). The company had revenue of $478.50 million for the quarter, compared to analyst estimates of $513.85 million. Popular had a net margin of 9.98% and a return on equity of 5.70%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. research analysts expect that Popular, Inc. will post 2.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Monday, December 4th. Popular’s payout ratio is presently 50.76%.

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Popular 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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