Symmetry Partners LLC raised its position in Popular Inc (NASDAQ:BPOP) by 50.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,976 shares of the bank’s stock after purchasing an additional 2,329 shares during the quarter. Symmetry Partners LLC’s holdings in Popular were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Popular by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 11,736 shares of the bank’s stock valued at $635,000 after acquiring an additional 190 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Popular by 7.7% during the third quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the bank’s stock worth $151,000 after buying an additional 200 shares in the last quarter. Heartland Advisors Inc. boosted its holdings in Popular by 2.2% during the second quarter. Heartland Advisors Inc. now owns 15,668 shares of the bank’s stock worth $850,000 after buying an additional 332 shares in the last quarter. Virginia Retirement Systems ET AL boosted its holdings in Popular by 1.4% during the third quarter. Virginia Retirement Systems ET AL now owns 29,900 shares of the bank’s stock worth $1,617,000 after buying an additional 400 shares in the last quarter. Finally, Boston Private Wealth LLC boosted its holdings in Popular by 4.6% during the second quarter. Boston Private Wealth LLC now owns 9,241 shares of the bank’s stock worth $501,000 after buying an additional 408 shares in the last quarter. Institutional investors and hedge funds own 87.40% of the company’s stock.
In other Popular news, Director Maria Luisa Ferre sold 9,100 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $56.62, for a total value of $515,242.00. Following the completion of the sale, the director now owns 34,927 shares in the company, valued at approximately $1,977,566.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Luis E. Cestero sold 1,728 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $55.92, for a total transaction of $96,629.76. The disclosure for this sale can be found here. Insiders sold a total of 19,199 shares of company stock valued at $1,072,976 in the last ninety days. Company insiders own 1.33% of the company’s stock.
Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.10. Popular had a net margin of 21.47% and a return on equity of 11.60%. The firm had revenue of $619.70 million during the quarter, compared to analyst estimates of $624.80 million. During the same quarter last year, the business posted $1.38 EPS. As a group, research analysts predict that Popular Inc will post 6.8 EPS for the current fiscal year.
A number of brokerages recently weighed in on BPOP. ValuEngine cut shares of Popular from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub upgraded shares of Popular from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. BTIG Research restated a “buy” rating and set a $66.00 target price on shares of Popular in a report on Thursday, July 25th. Finally, Zacks Investment Research cut shares of Popular from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $63.00.
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
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