Popular, Inc. (NASDAQ:BPOP) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in Popular, Inc. ( NASDAQ:BPOP – Free Report ) by 0.8% in the 4th quarter, HoldingsChannel reports.

The institutional investor owned 111,376 shares of the bank’s stock after selling 865 shares during the period. Wells Fargo & Company MN’s holdings in Popular were worth $10,476,000 as of its most recent filing with the SEC. Other institutional investors have also modified their holdings of the company.



Stifel Financial Corp boosted its position in shares of Popular by 4.3% during the third quarter. Stifel Financial Corp now owns 14,167 shares of the bank’s stock worth $1,421,000 after buying an additional 583 shares during the period.

MML Investors Services LLC bought a new stake in Popular during the 3rd quarter valued at $216,000. Barclays PLC boosted its position in Popular by 8.5% during the 3rd quarter.

Barclays PLC now owns 60,099 shares of the bank’s stock worth $6,024,000 after acquiring an additional 4,699 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Popular in the third quarter worth $81,000. Finally, Tidal Investments LLC acquired a new position in shares of Popular during the third quarter valued at $1,635,000.

Institutional investors own 87.27% of the company’s stock. Wall Street Analysts Forecast Growth A number of equities research analysts have weighed in on BPOP shares.

Royal Bank of Canada upped their target price on Popular from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th.

StockNews.com raised Popular from a “hold” rating to a “buy” rating in a research note on Saturday, April 12th. Barclays lifted their target price on Popular from $110.

00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Wells Fargo & Company upgraded shares of Popular from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $110.

00 to $100.00 in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Popular from $116.

00 to $129.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock.

Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $111.57.

Popular Trading Down 0.7 % Shares of NASDAQ BPOP opened at $83.90 on Thursday.

Popular, Inc. has a 1 year low of $78.23 and a 1 year high of $106.

81. The firm’s 50-day moving average is $92.94 and its 200-day moving average is $95.

55. The firm has a market capitalization of $5.82 billion, a PE ratio of 9.

80, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62.

Popular ( NASDAQ:BPOP – Get Free Report ) last issued its earnings results on Tuesday, January 28th. The bank reported $2.51 EPS for the quarter, beating the consensus estimate of $2.

04 by $0.47. Popular had a net margin of 14.

15% and a return on equity of 11.89%. As a group, equities research analysts anticipate that Popular, Inc.

will post 10.06 earnings per share for the current fiscal year. Popular Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st.

Stockholders of record on Tuesday, March 18th were given a $0.70 dividend. This represents a $2.

80 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Tuesday, March 18th.

Popular’s dividend payout ratio is presently 32.71%. Insider Buying and Selling In other news, EVP Eduardo J.

Negron sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $104.02, for a total transaction of $1,040,200.

00. Following the completion of the sale, the executive vice president now owns 32,866 shares in the company, valued at approximately $3,418,721.32.

This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link .

Also, EVP Gilberto Monzon sold 9,600 shares of Popular stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.

00. Following the sale, the executive vice president now directly owns 39,170 shares of the company’s stock, valued at approximately $4,017,666.90.

The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here .

2.09% of the stock is currently owned by corporate insiders. About Popular ( Free Report ) 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. Featured Stories 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.

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