Popular Inc (BPOP) Shares Sold by Thompson Siegel & Walmsley LLC
Thompson Siegel & Walmsley LLC lessened its position in shares of Popular Inc (NASDAQ:BPOP) by 86.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,626 shares of the bank’s stock after selling 270,256 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Popular were worth $2,235,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Popular by 1.0% during the 2nd quarter. FMR LLC now owns 4,396,806 shares of the bank’s stock valued at $198,779,000 after buying an additional 44,183 shares in the last quarter. Investec Asset Management LTD grew its holdings in Popular by 5.8% during the 2nd quarter. Investec Asset Management LTD now owns 2,598,427 shares of the bank’s stock valued at $117,475,000 after buying an additional 143,167 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Popular by 1.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,450,850 shares of the bank’s stock valued at $74,366,000 after buying an additional 17,709 shares in the last quarter. Martingale Asset Management L P grew its holdings in Popular by 74.8% during the 2nd quarter. Martingale Asset Management L P now owns 785,567 shares of the bank’s stock valued at $35,516,000 after buying an additional 336,219 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Popular by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 780,485 shares of the bank’s stock valued at $35,286,000 after buying an additional 20,372 shares in the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.
In related news, insider Juan Guerrero sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $53.31, for a total transaction of $319,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.38% of the stock is currently owned by insiders.
Popular (NASDAQ:BPOP) last announced its earnings results on Wednesday, October 24th. The bank reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.20. The firm had revenue of $602.49 million during the quarter, compared to analysts’ expectations of $586.10 million. Popular had a return on equity of 8.13% and a net margin of 16.32%. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, research analysts forecast that Popular Inc will post 4.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, December 4th. Popular’s dividend payout ratio (DPR) is 37.31%.
BPOP has been the subject of several research analyst reports. Citigroup raised their price target on Popular from $55.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Sandler O’Neill restated a “buy” rating and set a $58.00 price target on shares of Popular in a report on Monday, July 23rd. Royal Bank of Canada reiterated a “buy” rating and issued a $55.00 target price on shares of Popular in a report on Wednesday, July 25th. ValuEngine upgraded Popular from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. Finally, BidaskClub upgraded Popular from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.88.
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Popular Company Profile
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services primarily to institutional and retail customers. 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, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
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