Popular, Inc. (BPOP) Shares Bought by Thompson Siegel & Walmsley LLC
Thompson Siegel & Walmsley LLC increased its holdings in shares of Popular, Inc. (NASDAQ:BPOP) by 113.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 546,907 shares of the bank’s stock after purchasing an additional 290,224 shares during the period. Thompson Siegel & Walmsley LLC owned 0.54% of Popular worth $19,655,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new position in Popular during the third quarter worth about $713,000. Cipher Capital LP boosted its holdings in shares of Popular by 14.8% during the third quarter. Cipher Capital LP now owns 103,069 shares of the bank’s stock worth $3,704,000 after acquiring an additional 13,308 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Popular during the third quarter worth approximately $291,000. ClariVest Asset Management LLC boosted its holdings in shares of Popular by 242.1% during the third quarter. ClariVest Asset Management LLC now owns 125,900 shares of the bank’s stock worth $4,524,000 after acquiring an additional 89,100 shares during the period. Finally, 361 Capital LLC boosted its holdings in shares of Popular by 25.8% during the third quarter. 361 Capital LLC now owns 43,014 shares of the bank’s stock worth $1,546,000 after acquiring an additional 8,830 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.
Shares of Popular, Inc. (NASDAQ:BPOP) traded up $0.87 on Wednesday, reaching $35.24. 1,344,300 shares of the company’s stock traded hands, compared to its average volume of 734,134. Popular, Inc. has a 1-year low of $32.04 and a 1-year high of $45.96. The firm has a market capitalization of $3,506.65, a P/E ratio of 11.93 and a beta of 1.33.
Popular (NASDAQ:BPOP) last announced its quarterly earnings data on Tuesday, October 31st. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.76). The firm had revenue of $478.50 million for the quarter, compared to analyst estimates of $513.85 million. Popular had a net margin of 9.98% and a return on equity of 5.70%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. research analysts predict that Popular, Inc. will post 2.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. Popular’s payout ratio is presently 50.76%.
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A number of equities research analysts have recently issued reports on BPOP shares. Barclays PLC reduced their price objective on Popular from $47.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Zacks Investment Research cut Popular from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 price target on shares of Popular in a research report on Friday, July 28th. Compass Point upgraded shares of Popular from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Popular from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.75.
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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