OLD Mission Capital LLC Makes New $530,000 Investment in Popular, Inc. (NASDAQ:BPOP)

OLD Mission Capital LLC purchased a new stake in shares of Popular, Inc. (NASDAQ:BPOP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,639 shares of the bank’s stock, valued at approximately $530,000.

Other hedge funds have also recently modified their holdings of the company. TCW Group Inc. boosted its holdings in Popular by 15.2% in the 3rd quarter. TCW Group Inc. now owns 94,815 shares of the bank’s stock valued at $9,507,000 after purchasing an additional 12,494 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Popular by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank’s stock valued at $105,769,000 after buying an additional 71,782 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Popular by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank’s stock valued at $57,000 after buying an additional 218 shares during the period. KBC Group NV lifted its holdings in Popular by 1,719.6% in the fourth quarter. KBC Group NV now owns 37,775 shares of the bank’s stock valued at $3,553,000 after acquiring an additional 35,699 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Popular by 4.3% in the third quarter. Stifel Financial Corp now owns 14,167 shares of the bank’s stock worth $1,421,000 after acquiring an additional 583 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com raised Popular from a “hold” rating to a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods upped their target price on shares of Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. UBS Group began coverage on shares of Popular in a research report on Tuesday, December 17th. They set a “neutral” rating and a $104.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Popular from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Barclays lifted their target price on shares of Popular from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Popular currently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Transactions at Popular

In related news, EVP Eduardo J. Negron sold 10,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $104.02, for a total value of $1,040,200.00. Following the transaction, the executive vice president now owns 32,866 shares of the company’s stock, valued at $3,418,721.32. This represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Gilberto Monzon sold 9,600 shares of Popular stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the sale, the executive vice president now directly owns 39,170 shares of the company’s stock, valued at $4,017,666.90. This trade represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

Popular Stock Performance

Shares of BPOP stock opened at $82.50 on Friday. The stock has a market capitalization of $5.72 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 0.75 and a beta of 0.62. Popular, Inc. has a fifty-two week low of $78.59 and a fifty-two week high of $106.81. The company has a 50 day moving average price of $96.78 and a 200 day moving average price of $96.64.

Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.51 EPS for the quarter, topping the consensus estimate of $2.04 by $0.47. Popular had a net margin of 14.15% and a return on equity of 11.89%. On average, research analysts forecast that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Tuesday, March 18th. Popular’s payout ratio is presently 32.71%.

Popular Company Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.