Wealth Enhancement Advisory Services LLC Has $4.06 Million Stock Holdings in Popular, Inc. $BPOP

Wealth Enhancement Advisory Services LLC raised its stake in Popular, Inc. (NASDAQ:BPOP) by 63.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,398 shares of the bank’s stock after purchasing an additional 12,603 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Popular were worth $4,060,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Baron Wealth Management LLC lifted its position in Popular by 2.5% during the third quarter. Baron Wealth Management LLC now owns 3,597 shares of the bank’s stock worth $457,000 after acquiring an additional 87 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Popular by 0.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 17,000 shares of the bank’s stock worth $2,171,000 after purchasing an additional 100 shares during the last quarter. Nebula Research & Development LLC boosted its stake in Popular by 1.3% in the 2nd quarter. Nebula Research & Development LLC now owns 9,579 shares of the bank’s stock valued at $1,056,000 after purchasing an additional 119 shares during the period. Greenwich Wealth Management LLC increased its position in Popular by 0.5% during the second quarter. Greenwich Wealth Management LLC now owns 28,267 shares of the bank’s stock worth $3,115,000 after acquiring an additional 130 shares during the period. Finally, Forum Financial Management LP increased its holdings in shares of Popular by 6.2% during the second quarter. Forum Financial Management LP now owns 2,671 shares of the bank’s stock worth $294,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Popular Stock Up 0.7%

Shares of BPOP stock opened at $122.87 on Tuesday. Popular, Inc. has a 52 week low of $78.23 and a 52 week high of $131.10. The firm has a 50 day moving average of $122.14 and a 200-day moving average of $120.20. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 0.51 and a beta of 0.63.

Popular Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 5th. Popular’s dividend payout ratio is 26.55%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Popular from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, December 30th. Truist Financial assumed coverage on Popular in a research report on Thursday, October 9th. They set a “buy” rating and a $153.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Popular in a research report on Wednesday, January 21st. UBS Group reissued a “neutral” rating on shares of Popular in a report on Tuesday, January 6th. Finally, Wells Fargo & Company decreased their price target on Popular from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Popular has a consensus rating of “Moderate Buy” and an average target price of $137.00.

Insider Activity

In other Popular news, VP Adorno Denissa Rodriguez sold 1,000 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $114.84, for a total value of $114,840.00. Following the transaction, the vice president owned 2,604 shares in the company, valued at approximately $299,043.36. This represents a 27.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Carrion sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $113.50, for a total value of $2,837,500.00. Following the completion of the sale, the director directly owned 193,020 shares of the company’s stock, valued at $21,907,770. This trade represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.23% of the company’s stock.

About Popular

Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.

The company’s product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.