Corient Private Wealth LLC Acquires 257 Shares of Popular, Inc. (NASDAQ:BPOP)

Corient Private Wealth LLC grew its holdings in Popular, Inc. (NASDAQ:BPOP) by 2.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,247 shares of the bank’s stock after buying an additional 257 shares during the period. Corient Private Wealth LLC’s holdings in Popular were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in Popular by 56.7% in the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank’s stock worth $31,000 after buying an additional 118 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Popular in the 3rd quarter worth about $47,000. Smartleaf Asset Management LLC boosted its stake in shares of Popular by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank’s stock worth $57,000 after purchasing an additional 218 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Popular during the 3rd quarter valued at about $81,000. Finally, R Squared Ltd purchased a new stake in Popular in the 4th quarter worth about $166,000. 87.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on BPOP. Wells Fargo & Company upped their target price on Popular from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. UBS Group assumed coverage on shares of Popular in a research note on Tuesday, December 17th. They set a “neutral” rating and a $104.00 target price for the company. Barclays raised their price target on shares of Popular from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Keefe, Bruyette & Woods boosted their price objective on shares of Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Popular Trading Up 0.5 %

NASDAQ:BPOP opened at $93.54 on Thursday. Popular, Inc. has a twelve month low of $80.60 and a twelve month high of $106.81. The company has a market cap of $6.51 billion, a PE ratio of 10.93, a P/E/G ratio of 0.75 and a beta of 0.77. The company’s 50 day moving average is $98.25 and its two-hundred day moving average is $97.02.

Popular (NASDAQ:BPOP) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 earnings per share 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%. As a group, analysts expect that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Tuesday, March 18th. Popular’s dividend payout ratio is presently 32.71%.

Insider Transactions at Popular

In other Popular news, EVP Gilberto Monzon sold 9,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $102.57, for a total transaction of $984,672.00. Following the completion of the transaction, the executive vice president now directly owns 39,170 shares of the company’s stock, valued at approximately $4,017,666.90. This trade represents a 19.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eduardo J. Negron sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 32,866 shares in the company, valued at $3,418,721.32. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.09% of the company’s stock.

Popular Company 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.