Cwm LLC Acquires 12,316 Shares of Popular, Inc. $BPOP

Cwm LLC lifted its holdings in shares of Popular, Inc. (NASDAQ:BPOP) by 78.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 27,972 shares of the bank’s stock after acquiring an additional 12,316 shares during the period. Cwm LLC’s holdings in Popular were worth $3,083,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BPOP. Steph & Co. bought a new position in shares of Popular during the 2nd quarter worth about $39,000. Farther Finance Advisors LLC lifted its holdings in shares of Popular by 112.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 418 shares of the bank’s stock worth $46,000 after acquiring an additional 221 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Popular during the 1st quarter worth about $47,000. IFP Advisors Inc lifted its holdings in shares of Popular by 3,925.0% during the 2nd quarter. IFP Advisors Inc now owns 483 shares of the bank’s stock worth $53,000 after acquiring an additional 471 shares during the period. Finally, Quarry LP bought a new position in shares of Popular during the 1st quarter worth about $84,000. 87.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BPOP shares. Hovde Group reissued an “outperform” rating on shares of Popular in a report on Friday, August 29th. Wells Fargo & Company lifted their price target on shares of Popular from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Popular in a report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Popular in a report on Wednesday, October 8th. Finally, UBS Group reissued a “neutral” rating on shares of Popular in a report on Wednesday, July 9th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Popular Price Performance

Shares of NASDAQ:BPOP opened at $115.79 on Friday. Popular, Inc. has a one year low of $78.23 and a one year high of $129.32. The company has a 50 day moving average of $123.38 and a 200-day moving average of $110.18. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.49 and a beta of 0.68.

Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Wednesday, July 23rd. The bank reported $3.09 EPS for the quarter, topping the consensus estimate of $2.60 by $0.49. Popular had a net margin of 16.49% and a return on equity of 12.48%. The company had revenue of $800.03 million during the quarter, compared to analysts’ expectations of $777.38 million. During the same quarter in the previous year, the company earned $2.46 EPS. Equities research analysts anticipate that Popular, Inc. will post 10.06 earnings per share for the current year.

Popular Dividend Announcement

The firm also recently declared a sep 25 dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.1328 per share. Popular’s dividend payout ratio is 29.07%.

Insider Activity at Popular

In other news, EVP Gilberto Monzon sold 18,001 shares of Popular stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $124.47, for a total transaction of $2,240,584.47. Following the completion of the sale, the executive vice president owned 24,773 shares in the company, valued at $3,083,495.31. The trade was a 42.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.09% of the stock is currently owned by corporate insiders.

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.