Capital Performance Advisors LLP Invests $35,000 in Popular, Inc. (NASDAQ:BPOP)

Capital Performance Advisors LLP purchased a new stake in shares of Popular, Inc. (NASDAQ:BPOP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 346 shares of the bank’s stock, valued at approximately $35,000.

A number of other large investors have also recently added to or reduced their stakes in BPOP. Mercer Global Advisors Inc. ADV raised its position in Popular by 3.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,087 shares of the bank’s stock valued at $361,000 after purchasing an additional 118 shares during the period. GAMMA Investing LLC raised its holdings in Popular by 16.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,259 shares of the bank’s stock valued at $111,000 after buying an additional 181 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Popular by 7.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,040 shares of the bank’s stock valued at $268,000 after buying an additional 208 shares during the last quarter. Wedmont Private Capital boosted its stake in Popular by 9.5% during the second quarter. Wedmont Private Capital now owns 2,987 shares of the bank’s stock worth $278,000 after buying an additional 258 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Popular during the third quarter valued at about $29,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of Popular from $108.00 to $96.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Hovde Group raised their price target on Popular from $113.00 to $123.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company cut their price objective on Popular from $105.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $120.00 target price (up from $110.00) on shares of Popular in a report on Thursday, July 25th. Finally, Piper Sandler cut their price target on shares of Popular from $112.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Popular presently has an average rating of “Moderate Buy” and an average price target of $104.88.

Insider Activity at Popular

In other Popular news, EVP Beatriz Castellvi sold 3,500 shares of Popular stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total transaction of $347,060.00. Following the completion of the sale, the executive vice president now directly owns 25,115 shares of the company’s stock, valued at $2,490,403.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Camille Burckhart sold 5,917 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $97.60, for a total value of $577,499.20. Following the transaction, the executive vice president now directly owns 29,922 shares of the company’s stock, valued at $2,920,387.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Beatriz Castellvi sold 3,500 shares of Popular stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $99.16, for a total transaction of $347,060.00. Following the sale, the executive vice president now owns 25,115 shares in the company, valued at $2,490,403.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,242 shares of company stock valued at $1,102,880 over the last quarter. 2.09% of the stock is owned by insiders.

Popular Stock Performance

Shares of BPOP opened at $94.33 on Monday. Popular, Inc. has a 1 year low of $66.72 and a 1 year high of $105.01. The stock has a market capitalization of $6.82 billion, a PE ratio of 12.82, a PEG ratio of 0.78 and a beta of 0.79. The stock has a 50-day simple moving average of $96.78 and a 200-day simple moving average of $93.70.

Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.17). Popular had a return on equity of 11.65% and a net margin of 12.36%. The firm had revenue of $736.56 million during the quarter, compared to analysts’ expectations of $766.62 million. During the same quarter in the prior year, the firm earned $1.90 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Analysts predict that Popular, Inc. will post 8.46 EPS for the current year.

Popular Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.62 per share. The ex-dividend date was Friday, September 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.63%. Popular’s payout ratio is currently 33.70%.

Popular Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.