Popular, Inc. (NASDAQ:BPOP) EVP Camille Burckhart sold 7,000 shares of Popular stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $77.45, for a total value of $542,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of BPOP stock opened at $77.42 on Thursday. The stock’s fifty day simple moving average is $72.90 and its 200 day simple moving average is $61.46. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 13.87 and a beta of 1.24. Popular, Inc. has a one year low of $31.33 and a one year high of $79.89.
Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Wednesday, April 28th. The bank reported $3.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $1.21. Popular had a return on equity of 8.51% and a net margin of 18.66%. During the same period last year, the business posted $0.37 EPS. As a group, research analysts anticipate that Popular, Inc. will post 5.59 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in Popular by 16.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,308,512 shares of the bank’s stock worth $298,975,000 after purchasing an additional 738,338 shares in the last quarter. BlackRock Inc. boosted its stake in Popular by 6.3% in the first quarter. BlackRock Inc. now owns 3,923,144 shares of the bank’s stock worth $275,876,000 after purchasing an additional 231,143 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Popular by 3,729.2% in the fourth quarter. Principal Financial Group Inc. now owns 2,362,924 shares of the bank’s stock worth $133,080,000 after purchasing an additional 2,301,216 shares in the last quarter. Two Creeks Capital Management LP lifted its stake in shares of Popular by 15.6% during the fourth quarter. Two Creeks Capital Management LP now owns 2,296,061 shares of the bank’s stock valued at $129,314,000 after acquiring an additional 310,314 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Popular by 12.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,575,822 shares of the bank’s stock valued at $88,707,000 after acquiring an additional 169,760 shares during the period. 81.63% of the stock is currently owned by institutional investors.
Several brokerages have commented on BPOP. Royal Bank of Canada lifted their price target on Popular from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Zacks Investment Research raised Popular from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Friday, April 2nd. Citigroup lifted their price target on Popular from $69.00 to $83.00 in a research report on Wednesday, April 14th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on Popular from $69.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, April 20th. Six analysts have rated the stock with a buy rating, Popular currently has a consensus rating of “Buy” and a consensus target price of $78.17.
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico and the United States. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.
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