Deutsche Bank AG raised its position in Popular Inc (NASDAQ:BPOP) by 1,878.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,128,779 shares of the bank’s stock after acquiring an additional 1,071,729 shares during the quarter. Deutsche Bank AG owned approximately 1.11% of Popular worth $40,055,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of BPOP. Investec Asset Management LTD lifted its stake in Popular by 270.1% in the third quarter. Investec Asset Management LTD now owns 3,640,138 shares of the bank’s stock worth $130,827,000 after acquiring an additional 2,656,548 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Popular during the fourth quarter worth approximately $16,032,000. Thompson Siegel & Walmsley LLC raised its holdings in Popular by 113.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 546,907 shares of the bank’s stock worth $19,655,000 after purchasing an additional 290,224 shares in the last quarter. Investec Asset Management North America Inc. acquired a new stake in Popular during the third quarter worth approximately $9,584,000. Finally, American Century Companies Inc. acquired a new stake in Popular during the third quarter worth approximately $9,497,000. Institutional investors own 91.58% of the company’s stock.
A number of research firms have weighed in on BPOP. Zacks Investment Research cut shares of Popular from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BidaskClub raised shares of Popular from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Sandler O’Neill set a $48.00 price objective on shares of Popular and gave the stock a “buy” rating in a report on Thursday, February 15th. Keefe, Bruyette & Woods set a $49.00 price objective on shares of Popular and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Morgan Stanley raised their price objective on shares of Popular from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Popular presently has an average rating of “Buy” and an average target price of $48.31.
Shares of Popular Inc (NASDAQ BPOP) opened at $44.54 on Friday. The firm has a market cap of $4,544.68, a P/E ratio of 16.66 and a beta of 1.10. Popular Inc has a 1-year low of $32.04 and a 1-year high of $46.83.
Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.22. The business had revenue of $473.35 million for the quarter. Popular had a net margin of 4.89% and a return on equity of 5.29%. research analysts anticipate that Popular Inc will post 3.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. Popular’s payout ratio is 99.01%.
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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.
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