2,936 Shares in Popular, Inc. $BPOP Bought by denkapparat Operations GmbH

denkapparat Operations GmbH acquired a new stake in shares of Popular, Inc. (NASDAQ:BPOP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,936 shares of the bank’s stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BPOP. Acumen Wealth Advisors LLC acquired a new stake in shares of Popular during the 4th quarter valued at about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Popular in the fourth quarter worth approximately $28,000. Advisory Services Network LLC acquired a new position in Popular in the third quarter worth approximately $31,000. Parallel Advisors LLC increased its holdings in Popular by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 246 shares of the bank’s stock worth $31,000 after buying an additional 102 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in Popular during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BPOP. Wells Fargo & Company lifted their target price on shares of Popular from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Benchmark lifted their price objective on shares of Popular from $214.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Piper Sandler reiterated an “overweight” rating and issued a $198.00 price objective (up from $190.00) on shares of Popular in a report on Friday, July 24th. Truist Financial increased their target price on shares of Popular from $192.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Popular in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $187.08.

Popular Stock Performance

Shares of NASDAQ:BPOP opened at $171.32 on Friday. The stock’s 50-day moving average is $171.43 and its 200-day moving average is $154.35. The company has a market cap of $10.93 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.66 and a beta of 0.60. Popular, Inc. has a 52-week low of $108.74 and a 52-week high of $179.24.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $4.35 earnings per share for the quarter, topping the consensus estimate of $3.72 by $0.63. Popular had a return on equity of 15.34% and a net margin of 21.37%.The business had revenue of $846.92 million during the quarter, compared to analysts’ expectations of $878.41 million. During the same quarter in the previous year, the firm earned $3.09 EPS. As a group, equities analysts predict that Popular, Inc. will post 15.72 EPS for the current year.

Popular Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Popular’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, September 10th. Popular’s dividend payout ratio is presently 20.27%.

Insider Activity at Popular

In related news, CEO Javier D. Ferrer sold 35,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $175.43, for a total transaction of $6,140,050.00. Following the transaction, the chief executive officer owned 96,478 shares of the company’s stock, valued at approximately $16,925,135.54. The trade was a 26.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lidio Soriano sold 3,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $174.50, for a total transaction of $523,500.00. Following the transaction, the executive vice president owned 107,320 shares of the company’s stock, valued at approximately $18,727,340. The trade was a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 53,561 shares of company stock valued at $9,392,259. 2.13% of the stock is owned by corporate insiders.

Popular 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.