Sei Investments Co. increased its position in Popular, Inc. (NASDAQ:BPOP – Free Report) by 24.9% during the first quarter, Holdings Channel reports. The fund owned 556,630 shares of the bank’s stock after purchasing an additional 110,887 shares during the quarter. Sei Investments Co.’s holdings in Popular were worth $74,684,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of BPOP. Royal Bank of Canada boosted its position in Popular by 23.1% during the 1st quarter. Royal Bank of Canada now owns 94,352 shares of the bank’s stock worth $8,715,000 after acquiring an additional 17,729 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Popular during the first quarter valued at $257,000. Goldman Sachs Group Inc. increased its holdings in shares of Popular by 60.6% during the first quarter. Goldman Sachs Group Inc. now owns 223,530 shares of the bank’s stock valued at $20,647,000 after purchasing an additional 84,327 shares during the period. Focus Partners Wealth acquired a new position in shares of Popular during the first quarter valued at $207,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of Popular during the second quarter valued at about $252,000. 87.27% of the stock is currently owned by institutional investors.
Trending Headlines about Popular
Here are the key news stories impacting Popular this week:
- Positive Sentiment: Popular beat Q2 EPS estimates, with stronger net interest income, fee income, and loan/deposit growth, while lower expenses supported profitability; management also planned a 20% dividend increase. Popular Q2 Earnings Beat on NII & Fee Income, Dividend Hike Planned
- Positive Sentiment: Several brokerages raised price targets after the earnings release, including Benchmark to $214, KBW to $207, and Truist to $197, signaling upgraded confidence in the bank’s outlook.
- Positive Sentiment: Other post-earnings coverage highlighted robust operating momentum and strong financial performance, reinforcing the view that Popular’s core banking trends remain healthy. Popular Inc (BPOP) Q2 2026 Earnings Call Highlights
- Neutral Sentiment: One article noted the stock looks reasonable on earnings but stretched on returns, suggesting the valuation is not cheap despite the improved fundamentals. Popular (BPOP) Stock Looks Reasonable On Earnings But Stretched On Returns
- Neutral Sentiment: The company also announced capital actions and a leadership transition, including CEO retirement plans, which investors may view as a longer-term governance update rather than an immediate earnings driver. Popular unveils capital plan and leadership transition
Insider Activity
Wall Street Analysts Forecast Growth
BPOP has been the subject of several research analyst reports. Weiss Ratings raised shares of Popular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Royal Bank Of Canada boosted their price target on shares of Popular from $163.00 to $181.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays upped their price target on shares of Popular from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group increased their price objective on shares of Popular from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Piper Sandler reiterated an “overweight” rating and set a $198.00 price objective (up from $190.00) on shares of Popular in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $184.42.
Popular Trading Up 0.5%
Shares of BPOP stock opened at $171.73 on Friday. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.92 and a beta of 0.61. Popular, Inc. has a 1-year low of $108.74 and a 1-year high of $175.12. The stock’s fifty day simple moving average is $160.90 and its 200-day simple moving average is $146.05.
Popular (NASDAQ:BPOP – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $4.35 EPS for the quarter, topping the consensus estimate of $3.72 by $0.63. Popular had a net margin of 21.37% and a return on equity of 15.47%. The business had revenue of $846.92 million during the quarter, compared to analysts’ expectations of $878.41 million. During the same period last year, the company posted $3.09 earnings per share. On average, sell-side analysts predict that Popular, Inc. will post 15.05 EPS for the current year.
Popular Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, May 29th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.7%. Popular’s dividend payout ratio (DPR) is 20.27%.
Popular Company 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.
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Want to see what other hedge funds are holding BPOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Popular, Inc. (NASDAQ:BPOP – Free Report).
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