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 company’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $41.51, for a total value of $207,550.00. Following the transaction, the insider now directly owns 31,087 shares of the company’s stock, valued at $1,290,421.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Popular Inc. (NASDAQ:BPOP) opened at 40.27 on Tuesday. Popular Inc. has a 52 week low of $22.40 and a 52 week high of $42.83. The firm’s 50-day moving average price is $38.74 and its 200-day moving average price is $35.13. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 11.72 and a beta of 1.63.
Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm posted $0.82 EPS. On average, equities analysts expect that Popular Inc. will post $3.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Friday, December 9th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Wednesday, December 7th. Popular’s dividend payout ratio is 17.54%.
Several research firms have recently commented on BPOP. BTIG Research lowered Popular from a “buy” rating to a “neutral” rating in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Popular from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Compass Point lowered Popular from a “buy” rating to a “neutral” rating in a report on Friday, November 18th. TheStreet raised Popular from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Popular in a report on Wednesday, October 12th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.83.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted 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 in the last quarter. Panagora Asset Management Inc. boosted 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 in the last quarter. Babson Capital Management LLC acquired a new position in shares of Popular during the first quarter worth approximately $1,176,000. Nordea Investment Management AB boosted 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 in the last quarter. Finally, First Quadrant L P CA boosted 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 in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
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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