Popular, Inc. $BPOP Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its stake in Popular, Inc. (NASDAQ:BPOP) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,590 shares of the bank’s stock after selling 4,178 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Popular were worth $10,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Popular by 23.1% during the 1st quarter. Royal Bank of Canada now owns 94,352 shares of the bank’s stock valued at $8,715,000 after acquiring an additional 17,729 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Popular during the 1st quarter valued at approximately $257,000. Goldman Sachs Group Inc. lifted its stake in Popular by 60.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 223,530 shares of the bank’s stock valued at $20,647,000 after acquiring an additional 84,327 shares during the period. Focus Partners Wealth acquired a new stake in Popular during the 1st quarter valued at approximately $207,000. Finally, Sivia Capital Partners LLC acquired a new stake in Popular during the 2nd quarter valued at approximately $252,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BPOP has been the subject of several research reports. Weiss Ratings upgraded shares of Popular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Popular from $155.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. UBS Group lifted their price objective on shares of Popular from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Zacks Research cut shares of Popular from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Piper Sandler lifted their price objective on shares of Popular from $156.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $168.73.

Key Stories Impacting Popular

Here are the key news stories impacting Popular this week:

• Positive Sentiment: Zacks highlighted Popular (BPOP) as a strong momentum stock and a potential top pick for momentum investors, which can attract trader and quant-driven buying. Article Title
• Positive Sentiment: A second Zacks piece reinforced that BPOP screens well on style and momentum metrics, which may be helping sustain investor interest in the shares. Article Title
• Neutral Sentiment: TipRanks reported that Popular, Inc. disclosed a third-party cybersecurity incident affecting customers, but the available details suggest the issue is tied to a vendor rather than an internal breach. Investors may be watching for any financial, legal, or reputational fallout. Article Title
• Neutral Sentiment: Recent chatter about short interest showed no meaningful data change, so it does not appear to be a major price driver today.

Popular Price Performance

BPOP opened at $156.15 on Thursday. The firm has a fifty day moving average price of $147.26 and a 200 day moving average price of $135.84. Popular, Inc. has a 1 year low of $102.56 and a 1 year high of $159.95. The stock has a market cap of $10.08 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.78 and a beta of 0.62.

Popular (NASDAQ:BPOP) last posted its earnings results on Thursday, April 23rd. The bank reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.48. Popular had a net margin of 20.10% and a return on equity of 14.53%. The firm had revenue of $816.08 million during the quarter, compared to analysts’ expectations of $866.54 million. During the same period in the previous year, the business posted $2.56 EPS. Equities analysts expect that Popular, Inc. will post 15.14 EPS for the current year.

Popular Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, May 29th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, May 29th. Popular’s payout ratio is currently 22.16%.

Insider Activity at Popular

In related news, EVP Maria Cristin Gonzalez-Noguera sold 6,200 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $148.51, for a total value of $920,762.00. Following the completion of the transaction, the executive vice president directly owned 11,255 shares in the company, valued at $1,671,480.05. The trade was a 35.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alejandro M. Sanchez sold 300 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $150.36, for a total transaction of $45,108.00. Following the completion of the transaction, the director owned 3,960 shares of the company’s stock, valued at approximately $595,425.60. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,500 shares of company stock worth $4,415,870 in the last three months. Company insiders own 2.13% of the company’s stock.

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.