Calton & Associates Inc. purchased a new stake in shares of Popular Inc (NASDAQ:BPOP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 16,000 shares of the bank’s stock, valued at approximately $650,000.

A number of other hedge funds have also made changes to their positions in the business. M&T Bank Corp lifted its position in Popular by 2.8% during the second quarter. M&T Bank Corp now owns 5,777 shares of the bank’s stock valued at $241,000 after buying an additional 159 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Popular by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,980 shares of the bank’s stock valued at $124,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Popular by 49.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,797 shares of the bank’s stock valued at $206,000 after buying an additional 1,910 shares in the last quarter. Stifel Financial Corp lifted its position in Popular by 3.9% during the third quarter. Stifel Financial Corp now owns 54,495 shares of the bank’s stock valued at $1,967,000 after buying an additional 2,030 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its position in Popular by 67.5% during the third quarter. ETRADE Capital Management LLC now owns 8,178 shares of the bank’s stock valued at $294,000 after buying an additional 3,295 shares in the last quarter. 88.26% of the stock is currently owned by hedge funds and other institutional investors.

Popular Inc (BPOP) opened at $39.62 on Tuesday. Popular Inc has a 12-month low of $32.04 and a 12-month high of $45.96. The company has a market cap of $4,184.83, a price-to-earnings ratio of 15.36 and a beta of 1.19.

Popular (NASDAQ:BPOP) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.22. Popular had a net margin of 4.89% and a return on equity of 5.25%. The business had revenue of $473.35 million for the quarter. research analysts anticipate that Popular Inc will post 3.88 EPS for the current fiscal year.

A number of brokerages have weighed in on BPOP. Morgan Stanley lifted their price target on shares of Popular from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Barclays lifted their price target on shares of Popular from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Citigroup lifted their price target on shares of Popular from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. BTIG Research reaffirmed a “buy” rating on shares of Popular in a research report on Tuesday, January 23rd. Finally, BidaskClub raised shares of Popular from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.07.

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Popular Profile

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.

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Institutional Ownership by Quarter for Popular (NASDAQ:BPOP)

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