Flinton Capital Management LLC grew its holdings in shares of Popular Inc (NASDAQ:BPOP) by 243.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,430 shares of the bank’s stock after purchasing an additional 93,874 shares during the quarter. Flinton Capital Management LLC owned about 0.13% of Popular worth $4,700,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in BPOP. The Manufacturers Life Insurance Company raised its holdings in shares of Popular by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock valued at $124,000 after purchasing an additional 200 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Popular during the 3rd quarter valued at $9,497,000. Prudential Financial Inc. raised its holdings in shares of Popular by 63.9% during the 3rd quarter. Prudential Financial Inc. now owns 903,755 shares of the bank’s stock valued at $32,480,000 after purchasing an additional 352,420 shares in the last quarter. Boston Partners raised its holdings in shares of Popular by 11.2% during the 3rd quarter. Boston Partners now owns 334,913 shares of the bank’s stock valued at $12,036,000 after purchasing an additional 33,710 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Popular by 462.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,459 shares of the bank’s stock valued at $340,000 after purchasing an additional 7,776 shares in the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.
NASDAQ:BPOP opened at $42.34 on Friday. The firm has a market capitalization of $4,384.82, a P/E ratio of 15.80 and a beta of 1.11. Popular Inc has a 1 year low of $32.04 and a 1 year high of $46.83.
Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.22. The company 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%. equities analysts anticipate that Popular Inc will post 3.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.00 annualized dividend and a yield of 2.36%. Popular’s dividend payout ratio is 37.31%.
A number of research firms recently issued reports on BPOP. Zacks Investment Research lowered shares of Popular from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 13th. BidaskClub upgraded shares of Popular from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Sandler O’Neill set a $48.00 target price on shares of Popular and gave the company a “buy” rating in a research note on Thursday, February 15th. Keefe, Bruyette & Woods set a $49.00 target price on shares of Popular and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Morgan Stanley raised their target price on shares of Popular from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.31.
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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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