Cwm LLC Purchases 1,101 Shares of Popular, Inc. (NASDAQ:BPOP)

Cwm LLC boosted its position in Popular, Inc. (NASDAQ:BPOP) by 164.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,769 shares of the bank’s stock after acquiring an additional 1,101 shares during the period. Cwm LLC’s holdings in Popular were worth $156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in Popular by 39.3% during the 3rd quarter. Rhumbline Advisers now owns 119,906 shares of the bank’s stock worth $7,555,000 after acquiring an additional 33,825 shares during the period. QRG Capital Management Inc. bought a new stake in Popular in the third quarter valued at about $225,000. Envestnet Portfolio Solutions Inc. acquired a new position in Popular in the third quarter valued at about $289,000. Envestnet Asset Management Inc. boosted its holdings in Popular by 38.8% during the third quarter. Envestnet Asset Management Inc. now owns 67,178 shares of the bank’s stock worth $4,233,000 after buying an additional 18,794 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Popular by 6.0% during the 3rd quarter. Invesco Ltd. now owns 137,904 shares of the bank’s stock worth $8,689,000 after buying an additional 7,799 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Popular

In other Popular news, EVP Manuel Chinea sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $90.70, for a total transaction of $1,088,400.00. Following the transaction, the executive vice president now owns 27,086 shares of the company’s stock, valued at approximately $2,456,700.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Manuel Chinea sold 12,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $90.70, for a total value of $1,088,400.00. Following the sale, the executive vice president now directly owns 27,086 shares of the company’s stock, valued at approximately $2,456,700.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Gilberto Monzon sold 5,000 shares of Popular stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $85.80, for a total value of $429,000.00. Following the transaction, the executive vice president now owns 48,320 shares of the company’s stock, valued at approximately $4,145,856. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

Analyst Ratings Changes

BPOP has been the subject of a number of analyst reports. StockNews.com upgraded shares of Popular from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Wells Fargo & Company raised their price objective on Popular from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $110.00 target price (up from $103.00) on shares of Popular in a research note on Wednesday, April 24th. Hovde Group raised their price target on Popular from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price objective on Popular from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.89.

Popular Stock Up 0.0 %

Shares of BPOP opened at $85.08 on Monday. Popular, Inc. has a twelve month low of $58.00 and a twelve month high of $93.09. The stock has a market capitalization of $6.15 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.81 and a beta of 0.79. The company has a 50 day moving average of $87.24 and a 200-day moving average of $84.69.

Popular (NASDAQ:BPOP) last released its earnings results on Tuesday, April 23rd. The bank reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.09). Popular had a net margin of 11.95% and a return on equity of 11.67%. The business had revenue of $714.56 million during the quarter, compared to the consensus estimate of $706.00 million. On average, sell-side analysts anticipate that Popular, Inc. will post 8.31 earnings per share for the current fiscal year.

Popular Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, May 30th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, May 30th. Popular’s dividend payout ratio is currently 36.80%.

About Popular

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.