UBS Group AG Increases Position in Popular, Inc. (BPOP)

UBS Group AG boosted its position in Popular, Inc. (NASDAQ:BPOP) by 144.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,915 shares of the bank’s stock after buying an additional 24,188 shares during the period. UBS Group AG’s holdings in Popular were worth $1,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DUPONT CAPITAL MANAGEMENT Corp increased its position in Popular by 47.6% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 107,300 shares of the bank’s stock worth $4,370,000 after buying an additional 34,589 shares during the period. Meadow Creek Investment Management LLC increased its position in Popular by 182.4% in the first quarter. Meadow Creek Investment Management LLC now owns 17,664 shares of the bank’s stock worth $719,000 after buying an additional 11,408 shares during the period. Suntrust Banks Inc. increased its position in Popular by 0.9% in the first quarter. Suntrust Banks Inc. now owns 16,965 shares of the bank’s stock worth $690,000 after buying an additional 153 shares during the period. Stifel Financial Corp increased its position in Popular by 5.1% in the first quarter. Stifel Financial Corp now owns 77,212 shares of the bank’s stock worth $3,147,000 after buying an additional 3,717 shares during the period. Finally, Nordea Investment Management AB increased its position in Popular by 15.1% in the first quarter. Nordea Investment Management AB now owns 34,400 shares of the bank’s stock worth $1,401,000 after buying an additional 4,500 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Popular, Inc. (NASDAQ:BPOP) traded down 0.19% during trading on Tuesday, reaching $41.36. The company had a trading volume of 717,632 shares. The stock has a market capitalization of $4.22 billion, a P/E ratio of 18.68 and a beta of 1.28. Popular, Inc. has a 12-month low of $35.08 and a 12-month high of $45.96. The stock has a 50 day moving average of $41.25 and a 200-day moving average of $41.28.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Popular had a net margin of 11.57% and a return on equity of 7.11%. The business had revenue of $491.27 million during the quarter, compared to the consensus estimate of $500.66 million. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, analysts forecast that Popular, Inc. will post $3.84 earnings per share for the current fiscal year.

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BPOP has been the topic of a number of research analyst reports. BTIG Research reiterated a “neutral” rating on shares of Popular in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $51.00 price target on shares of Popular in a research note on Thursday, June 29th. Keefe, Bruyette & Woods set a $46.00 price target on Popular and gave the stock a “hold” rating in a research note on Monday, June 5th. Piper Jaffray Companies restated a “buy” rating and issued a $53.00 price target on shares of Popular in a research note on Friday, July 28th. Finally, BidaskClub upgraded Popular from a “strong sell” rating to a “sell” rating in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.83.

In other Popular news, insider Eduardo J. Negron sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $39.98, for a total value of $99,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jorge J. Garcia sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $38.15, for a total transaction of $152,600.00. Following the completion of the transaction, the vice president now owns 11,502 shares of the company’s stock, valued at approximately $438,801.30. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.

Popular Company Profile

Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.

Institutional Ownership by Quarter for Popular (NASDAQ:BPOP)

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