Mesirow Financial Investment Management Equity Management Has $1,149,000 Position in Popular, Inc. (NASDAQ:BPOP)

Mesirow Financial Investment Management Equity Management continued to hold its stake in Popular, Inc. (NASDAQ:BPOP) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,570 shares of the bank’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Popular were worth $1,149,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Popular by 13,970.4% in the first quarter. BlackRock Inc. now owns 4,465,650 shares of the bank’s stock valued at $181,886,000 after buying an additional 4,433,912 shares during the last quarter. AQR Capital Management LLC raised its stake in Popular by 37.9% in the first quarter. AQR Capital Management LLC now owns 3,334,844 shares of the bank’s stock valued at $135,829,000 after buying an additional 916,126 shares during the last quarter. Martingale Asset Management L P raised its stake in Popular by 528.3% in the first quarter. Martingale Asset Management L P now owns 716,537 shares of the bank’s stock valued at $29,185,000 after buying an additional 602,487 shares during the last quarter. Point72 Europe London LLP raised its stake in Popular by 165.2% in the first quarter. Point72 Europe London LLP now owns 906,306 shares of the bank’s stock valued at $36,914,000 after buying an additional 564,544 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in Popular by 19.1% in the first quarter. Frontier Capital Management Co. LLC now owns 3,441,716 shares of the bank’s stock valued at $140,181,000 after buying an additional 551,662 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

Shares of Popular, Inc. (NASDAQ BPOP) opened at 41.20 on Thursday. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 18.61 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 company’s 50-day moving average is $41.43 and its 200-day moving average is $41.21.

Popular (NASDAQ:BPOP) last posted its earnings results on Wednesday, July 26th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $491.27 million during the quarter, compared to analysts’ expectations of $500.66 million. During the same period in the previous year, the company earned $0.85 earnings per share. On average, equities analysts forecast that Popular, Inc. will post $3.84 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on BPOP shares. BTIG Research reissued a “neutral” rating on shares of Popular in a research report on Saturday, April 22nd. TheStreet raised shares of Popular from a “c+” rating to a “b” rating in a research report on Tuesday, April 25th. Keefe, Bruyette & Woods set a $46.00 price objective on shares of Popular and gave the stock a “hold” rating in a research report on Monday, June 5th. Morgan Stanley dropped their price objective on shares of Popular from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 6th. Finally, Zacks Investment Research lowered shares of Popular from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $47.83.

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

About Popular

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.

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Institutional Ownership by Quarter for Popular (NASDAQ:BPOP)

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