Picton Mahoney Asset Management Has $31,000 Stock Position in Popular, Inc. (NASDAQ:BPOP)

Picton Mahoney Asset Management grew its holdings in Popular, Inc. (NASDAQ:BPOP) by 56.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326 shares of the bank’s stock after purchasing an additional 118 shares during the period. Picton Mahoney Asset Management’s holdings in Popular were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC acquired a new stake in Popular in the 4th quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of Popular in the 3rd quarter valued at about $47,000. Smartleaf Asset Management LLC increased its position in shares of Popular by 56.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank’s stock valued at $57,000 after acquiring an additional 218 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Popular during the third quarter worth about $81,000. Finally, R Squared Ltd acquired a new position in Popular during the fourth quarter valued at approximately $166,000. Institutional investors own 87.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Popular from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Royal Bank of Canada increased their price target on shares of Popular from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on shares of Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, UBS Group began coverage on Popular in a research report on Tuesday, December 17th. They set a “neutral” rating and a $104.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Popular presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Buying and Selling at Popular

In other news, EVP Gilberto Monzon sold 9,600 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $102.57, for a total value of $984,672.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a legal 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 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 transaction, the executive vice president now 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. Insiders own 2.09% of the company’s stock.

Popular Stock Performance

NASDAQ BPOP opened at $90.44 on Tuesday. The stock has a market cap of $6.30 billion, a PE ratio of 10.57, a P/E/G ratio of 0.75 and a beta of 0.77. The firm has a 50-day moving average of $98.77 and a 200-day moving average of $97.41. Popular, Inc. has a 52-week low of $80.60 and a 52-week high of $106.81.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping 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, analysts predict that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.80 annualized dividend and a yield of 3.10%. Popular’s dividend payout ratio (DPR) is presently 32.71%.

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.