Danske Bank A S Has $75,000 Holdings in Popular, Inc. $BPOP

Danske Bank A S lessened its holdings in Popular, Inc. (NASDAQ:BPOP) by 94.8% during the fourth quarter, HoldingsChannel reports. The fund owned 600 shares of the bank’s stock after selling 11,029 shares during the quarter. Danske Bank A S’s holdings in Popular were worth $75,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lighthouse Investment Partners LLC raised its holdings in shares of Popular by 140.1% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 45,170 shares of the bank’s stock worth $5,737,000 after acquiring an additional 26,354 shares during the last quarter. Ceeto Capital Group LLC purchased a new stake in Popular in the 3rd quarter valued at about $29,115,000. Savant Capital LLC lifted its position in shares of Popular by 68.6% during the 3rd quarter. Savant Capital LLC now owns 17,309 shares of the bank’s stock worth $2,198,000 after buying an additional 7,043 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Popular by 112.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,616 shares of the bank’s stock worth $5,620,000 after buying an additional 23,584 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Popular by 13.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 77,807 shares of the bank’s stock worth $9,882,000 after buying an additional 9,180 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Insider Activity

In other news, Director Alejandro M. Ballester sold 23,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $150.00, for a total transaction of $3,450,000.00. Following the completion of the transaction, the director directly owned 34,588 shares of the company’s stock, valued at $5,188,200. This represents a 39.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alejandro M. Sanchez sold 1,451 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $140.85, for a total transaction of $204,373.35. Following the transaction, the director directly owned 3,415 shares of the company’s stock, valued at $481,002.75. This represents a 29.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,651 shares of company stock valued at $4,575,135 in the last three months. Company insiders own 2.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on BPOP. Bank of America raised shares of Popular from a “neutral” rating to a “buy” rating and set a $156.00 target price on the stock in a research report on Tuesday, February 3rd. Hovde Group lifted their target price on shares of Popular from $153.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Piper Sandler lifted their target price on shares of Popular from $156.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Citigroup lifted their target price on shares of Popular from $170.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Truist Financial lifted their target price on shares of Popular from $153.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $168.73.

Popular Stock Down 0.8%

Popular stock opened at $148.83 on Friday. Popular, Inc. has a twelve month low of $99.71 and a twelve month high of $152.95. The firm has a 50 day moving average price of $139.33 and a 200-day moving average price of $129.80. The company has a market capitalization of $9.67 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.75 and a beta of 0.63.

Popular (NASDAQ:BPOP) last released its earnings results on Thursday, April 23rd. The bank reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.48. Popular had a net margin of 20.10% and a return on equity of 14.65%. The firm had revenue of $822.63 million during the quarter, compared to the consensus estimate of $866.54 million. During the same period in the prior year, the firm earned $2.56 EPS. Equities analysts expect that Popular, Inc. will post 15.14 EPS for the current fiscal year.

Popular Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, March 18th. Popular’s dividend payout ratio is currently 22.16%.

Popular Profile

Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.

The company’s product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.