Krilogy Financial LLC Invests $646,000 in Popular, Inc. $BPOP

Krilogy Financial LLC acquired a new stake in Popular, Inc. (NASDAQ:BPOP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,088 shares of the bank’s stock, valued at approximately $646,000.

Other hedge funds also recently modified their holdings of the company. Savant Capital LLC increased its position in Popular by 68.6% in the third quarter. Savant Capital LLC now owns 17,309 shares of the bank’s stock worth $2,198,000 after purchasing an additional 7,043 shares during the period. Ethic Inc. acquired a new position in Popular in the third quarter valued at about $653,000. Allianz Asset Management GmbH boosted its holdings in shares of Popular by 13.4% in the third quarter. Allianz Asset Management GmbH now owns 77,807 shares of the bank’s stock valued at $9,882,000 after buying an additional 9,180 shares during the period. Brendel Financial Advisors LLC acquired a new stake in shares of Popular in the 3rd quarter valued at about $2,660,000. Finally, Ritholtz Wealth Management boosted its position in Popular by 40.8% during the 3rd quarter. Ritholtz Wealth Management now owns 41,270 shares of the bank’s stock worth $5,242,000 after acquiring an additional 11,957 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Insider Activity at Popular

In other Popular news, Director Richard L. Carrion sold 25,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $113.50, for a total transaction of $2,837,500.00. Following the transaction, the director directly owned 193,020 shares in the company, valued at approximately $21,907,770. This represents a 11.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alejandro M. Ballester sold 2,360 shares of Popular stock in a transaction on Friday, January 30th. The shares were sold at an average price of $132.50, for a total transaction of $312,700.00. Following the completion of the sale, the director owned 57,449 shares of the company’s stock, valued at $7,611,992.50. This represents a 3.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,360 shares of company stock worth $3,265,040 in the last 90 days. Corporate insiders own 2.09% of the company’s stock.

Popular Stock Up 0.5%

BPOP opened at $142.63 on Friday. Popular, Inc. has a twelve month low of $78.23 and a twelve month high of $149.31. The company has a fifty day moving average of $129.26 and a 200-day moving average of $122.62. The stock has a market cap of $9.51 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.88 and a beta of 0.63.

Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.36. Popular had a net margin of 18.75% and a return on equity of 13.87%. The business had revenue of $815.98 million for the quarter, compared to analysts’ expectations of $811.55 million. During the same quarter in the prior year, the firm posted $2.51 earnings per share. Sell-side analysts anticipate that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays increased their price target on shares of Popular from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Popular in a research report on Wednesday, January 21st. Truist Financial upped their price objective on shares of Popular from $153.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods lifted their price target on Popular from $146.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Finally, Credit Suisse Group set a $156.00 target price on shares of Popular in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Popular has a consensus rating of “Buy” and an average price target of $155.73.

Popular Company Profile

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.