Schwab Charles Investment Management Inc. lowered its position in Popular, Inc. (NASDAQ:BPOP) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 606,352 shares of the bank’s stock after selling 18,187 shares during the period. Schwab Charles Investment Management Inc. owned 0.59% of Popular worth $25,291,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BPOP. ProShare Advisors LLC boosted its holdings in Popular by 6.8% in the first quarter. ProShare Advisors LLC now owns 17,733 shares of the bank’s stock worth $722,000 after acquiring an additional 1,134 shares in the last quarter. US Bancorp DE raised its stake in shares of Popular by 3.2% in the first quarter. US Bancorp DE now owns 14,031 shares of the bank’s stock worth $572,000 after purchasing an additional 440 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Popular by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 558,663 shares of the bank’s stock worth $22,756,000 after purchasing an additional 7,375 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Popular by 0.9% in the first quarter. Suntrust Banks Inc. now owns 16,965 shares of the bank’s stock worth $690,000 after purchasing an additional 153 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Popular by 0.5% in the first quarter. Swiss National Bank now owns 171,500 shares of the bank’s stock worth $6,985,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 85.85% of the company’s stock.

Several analysts have recently commented on the company. Zacks Investment Research raised Popular from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 price objective (up from $42.00) on shares of Popular in a research note on Friday, July 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price objective on shares of Popular in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $51.00 price objective on shares of Popular in a research note on Thursday, June 29th. Finally, BidaskClub raised Popular from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $47.50.

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Shares of Popular, Inc. (NASDAQ:BPOP) opened at 40.71 on Friday. Popular, Inc. has a 12 month low of $35.08 and a 12 month high of $45.96. The stock has a market capitalization of $4.15 billion, a P/E ratio of 18.39 and a beta of 1.29. The company’s 50 day moving average price is $40.34 and its 200-day moving average price is $40.34.

Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. Popular had a return on equity of 7.11% and a net margin of 11.57%. The firm had revenue of $491.27 million for the quarter, compared to analysts’ expectations of $500.66 million. During the same period in the previous year, the firm posted $0.85 EPS. Equities analysts predict that Popular, Inc. will post $3.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, September 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. Popular’s dividend payout ratio is currently 45.05%.

About Popular

Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.

Institutional Ownership by Quarter for Popular (NASDAQ:BPOP)

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