Popular Inc. (BPOP) Insider Ileana Gonzalez Sells 5,000 Shares of Stock
Popular Inc. (NASDAQ:BPOP) insider Ileana Gonzalez sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $41.51, for a total transaction of $207,550.00. Following the transaction, the insider now owns 31,087 shares of the company’s stock, valued at approximately $1,290,421.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Popular Inc. (NASDAQ:BPOP) opened at 40.27 on Tuesday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 11.72 and a beta of 1.63. Popular Inc. has a one year low of $22.40 and a one year high of $42.83. The company has a 50 day moving average of $38.74 and a 200-day moving average of $35.13.
Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.44. Popular had a net margin of 17.25% and a return on equity of 6.99%. During the same quarter last year, the business posted $0.82 earnings per share. On average, analysts expect that Popular Inc. will post $3.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Friday, December 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. Popular’s payout ratio is presently 17.54%.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Popular by 2.5% in the first quarter. Geode Capital Management LLC now owns 680,946 shares of the company’s stock worth $19,481,000 after buying an additional 16,552 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Popular by 8.3% in the first quarter. Panagora Asset Management Inc. now owns 174,854 shares of the company’s stock worth $5,003,000 after buying an additional 13,392 shares during the last quarter. Babson Capital Management LLC acquired a new position in shares of Popular during the first quarter worth about $1,176,000. Nordea Investment Management AB raised its position in shares of Popular by 273.7% in the second quarter. Nordea Investment Management AB now owns 21,300 shares of the company’s stock worth $624,000 after buying an additional 15,600 shares during the last quarter. Finally, First Quadrant L P CA raised its position in shares of Popular by 52.8% in the second quarter. First Quadrant L P CA now owns 198,800 shares of the company’s stock worth $5,825,000 after buying an additional 68,700 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
A number of research analysts have commented on BPOP shares. Zacks Investment Research upgraded shares of Popular from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet upgraded shares of Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $48.00 target price on shares of Popular in a research note on Friday, August 26th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Popular in a research note on Wednesday, October 12th. Finally, Compass Point cut shares of Popular from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $37.83.
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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