Popular Inc. (BPOP) Insider Sells $293,160.00 in Stock
Popular Inc. (NASDAQ:BPOP) insider Juan Guerrero sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $41.88, for a total transaction of $293,160.00. Following the sale, the insider now owns 39,860 shares of the company’s stock, valued at approximately $1,669,336.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Juan Guerrero also recently made the following trade(s):
- On Friday, November 4th, Juan Guerrero sold 6,000 shares of Popular stock. The stock was sold at an average price of $36.31, for a total transaction of $217,860.00.
Popular Inc. (NASDAQ:BPOP) opened at 42.15 on Wednesday. The firm has a market capitalization of $4.37 billion, a PE ratio of 12.27 and a beta of 1.63. The stock has a 50 day moving average of $38.08 and a 200-day moving average of $34.40. Popular Inc. has a one year low of $22.40 and a one year high of $42.83.
Popular (NASDAQ:BPOP) last posted its earnings results on Tuesday, October 25th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.44. Popular had a return on equity of 6.99% and a net margin of 17.25%. During the same quarter last year, the company posted $0.82 EPS. On average, equities analysts predict that Popular Inc. will post $3.03 EPS for the current year.
Several brokerages have recently weighed in on BPOP. Barclays PLC boosted their price objective on shares of Popular from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of Popular from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. TheStreet upgraded shares of Popular from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Popular in a research report on Wednesday, October 12th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $48.00 price objective on shares of Popular in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Popular presently has an average rating of “Buy” and an average price target of $37.83.
A number of hedge funds have recently bought and sold shares of the company. Utah Retirement Systems increased its stake in Popular by 1.1% in the second quarter. Utah Retirement Systems now owns 18,609 shares of the company’s stock worth $546,000 after buying an additional 200 shares during the period. Prudential Financial Inc. increased its stake in Popular by 2.8% in the third quarter. Prudential Financial Inc. now owns 7,795 shares of the company’s stock worth $298,000 after buying an additional 211 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Popular by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,464 shares of the company’s stock worth $132,000 after buying an additional 337 shares during the period. Amalgamated Bank increased its stake in Popular by 2.8% in the second quarter. Amalgamated Bank now owns 12,378 shares of the company’s stock worth $455,000 after buying an additional 338 shares during the period. Finally, Paloma Partners Management Co increased its stake in Popular by 7.5% in the second quarter. Paloma Partners Management Co now owns 10,604 shares of the company’s stock worth $311,000 after buying an additional 744 shares during the period. 85.99% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Popular Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular Inc. and related stocks with our FREE daily email newsletter.