Deutsche Bank AG boosted its stake in shares of Popular Inc (NASDAQ:BPOP) by 1,878.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,128,779 shares of the bank’s stock after purchasing an additional 1,071,729 shares during the period. Deutsche Bank AG owned approximately 1.11% of Popular worth $40,055,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Jefferies Group LLC purchased a new position in Popular in the 4th quarter valued at about $330,000. Gillson Capital LP purchased a new position in Popular in the 4th quarter worth approximately $5,993,000. Raffles Associates LP lifted its stake in Popular by 39.9% in the 4th quarter. Raffles Associates LP now owns 335,800 shares of the bank’s stock worth $11,918,000 after purchasing an additional 95,800 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Popular in the 4th quarter worth approximately $16,032,000. Finally, Invictus RG purchased a new position in Popular in the 4th quarter worth approximately $228,000. 91.57% of the stock is currently owned by institutional investors and hedge funds.
BPOP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Popular from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, February 21st. BTIG Research reissued a “buy” rating on shares of Popular in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods set a $49.00 price target on shares of Popular and gave the company a “buy” rating in a research report on Thursday, February 15th. Sandler O’Neill set a $48.00 price target on shares of Popular and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Morgan Stanley raised their price target on shares of Popular from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Popular currently has a consensus rating of “Buy” and an average price target of $48.31.
NASDAQ BPOP traded down $0.86 during trading on Friday, reaching $42.34. The company’s stock had a trading volume of 787,118 shares, compared to its average volume of 923,630. The firm has a market cap of $4,326.56, a PE ratio of 15.80 and a beta of 1.11. Popular Inc has a twelve month low of $32.04 and a twelve month high of $46.83.
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 analysts’ consensus estimates of $0.43 by $0.22. Popular had a net margin of 4.89% and a return on equity of 5.29%. The business had revenue of $473.35 million for the quarter. research analysts anticipate that Popular Inc will post 3.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Thursday, March 15th. Popular’s dividend payout ratio (DPR) is presently 37.31%.
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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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