5 hours Ago By Defense World Staff
Popular ( NASDAQ:BPOP – Free Report ) had its price objective boosted by Wells Fargo & Company from $105.00 to $110.00 in a research note published on Thursday, Benzinga reports.
They currently have an equal weight rating on the bank’s stock. BPOP has been the topic of a number of other research reports. StockNews.
com raised Popular from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays upped their price target on shares of Popular from $110.00 to $115.
00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Keefe, Bruyette & Woods raised their price objective on shares of Popular from $116.00 to $129.
00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group initiated coverage on Popular in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $104.
00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on Popular from $100.00 to $110.
00 and gave the stock an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.
25. Read Our Latest Stock Report on BPOP Popular Stock Performance Popular ( NASDAQ:BPOP – Get Free Report ) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.
51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.47.
Popular had a net margin of 14.15% and a return on equity of 11.89%.
On average, research analysts predict that Popular will post 10.06 earnings per share for the current fiscal year. Popular Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd.
Investors of record on Friday, December 6th were given a $0.70 dividend. The ex-dividend date was Friday, December 6th.
This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.72%.
This is a boost from Popular’s previous quarterly dividend of $0.62. Popular’s dividend payout ratio (DPR) is presently 32.
71%. Insider Buying and Selling In other news, EVP Eduardo J. Negron sold 10,000 shares of the business’s stock in a transaction on Thursday, January 30th.
The stock was sold at an average price of $104.02, for a total transaction of $1,040,200.00.
Following the completion of the transaction, the executive vice president now owns 32,866 shares of the company’s stock, valued at approximately $3,418,721.32. The trade was a 23.
33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, EVP Beatriz Castellvi sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th.
The shares were sold at an average price of $99.16, for a total value of $347,060.00.
Following the completion of the sale, the executive vice president now directly owns 25,115 shares in the company, valued at $2,490,403.40. This trade represents a 12.
23 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold 15,325 shares of company stock valued at $1,565,581 over the last quarter.
2.09% of the stock is owned by company insiders. Institutional Trading of Popular A number of hedge funds and other institutional investors have recently modified their holdings of the stock.
CIBC Asset Management Inc boosted its holdings in shares of Popular by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 2,239 shares of the bank’s stock valued at $211,000 after acquiring an additional 112 shares in the last quarter.
Assetmark Inc. grew its holdings in Popular by 4.0% during the 3rd quarter.
Assetmark Inc. now owns 3,749 shares of the bank’s stock worth $376,000 after acquiring an additional 143 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Popular by 0.
8% in the third quarter. Pathstone Holdings LLC now owns 19,690 shares of the bank’s stock valued at $1,974,000 after purchasing an additional 148 shares during the period. Rhumbline Advisers increased its stake in shares of Popular by 0.
3% in the fourth quarter. Rhumbline Advisers now owns 92,877 shares of the bank’s stock valued at $8,736,000 after buying an additional 281 shares during the period. Finally, Financial Management Professionals Inc.
acquired a new position in shares of Popular in the third quarter worth approximately $29,000. Institutional investors own 87.27% of the company’s stock.
Popular Company Profile ( Get 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. Read More Five stocks we like better than Popular EV Stocks and How to Profit from Them ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead What is the S&P 500 and How It is Distinct from Other Indexes Beyond Self-Driving Cars: Factory Automation Takes Center Stage Receive News & Ratings for Popular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular and related companies with MarketBeat.
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