Yousif Capital Management LLC Invests $202,000 in Popular, Inc. (NASDAQ:BPOP)

Yousif Capital Management LLC purchased a new position in Popular, Inc. (NASDAQ:BPOP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,143 shares of the bank’s stock, valued at approximately $202,000.

Several other institutional investors have also bought and sold shares of BPOP. R Squared Ltd bought a new stake in shares of Popular in the fourth quarter valued at $166,000. KBC Group NV increased its holdings in Popular by 1,719.6% in the 4th quarter. KBC Group NV now owns 37,775 shares of the bank’s stock worth $3,553,000 after acquiring an additional 35,699 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Popular by 3.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,631 shares of the bank’s stock worth $906,000 after acquiring an additional 349 shares during the last quarter. SG Americas Securities LLC raised its stake in Popular by 20.6% in the 4th quarter. SG Americas Securities LLC now owns 23,674 shares of the bank’s stock valued at $2,227,000 after acquiring an additional 4,044 shares during the period. Finally, Perpetual Ltd lifted its holdings in Popular by 5.3% during the fourth quarter. Perpetual Ltd now owns 104,087 shares of the bank’s stock valued at $9,790,000 after purchasing an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BPOP. StockNews.com raised shares of Popular from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Piper Sandler lowered their target price on shares of Popular from $112.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada raised their price target on Popular from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price objective on Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price objective on Popular from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Popular currently has an average rating of “Moderate Buy” and a consensus target price of $112.25.

Insiders Place Their Bets

In other news, EVP Eduardo J. Negron sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $104.02, for a total transaction of $1,040,200.00. Following the transaction, the executive vice president now directly owns 32,866 shares in the company, valued at approximately $3,418,721.32. This represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gilberto Monzon sold 9,600 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total value of $984,672.00. Following the completion of the sale, the executive vice president now owns 39,170 shares of the company’s stock, valued at $4,017,666.90. The trade was a 19.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

Popular Stock Up 1.4 %

Popular stock opened at $104.41 on Tuesday. The business has a 50-day simple moving average of $98.03 and a 200 day simple moving average of $97.55. Popular, Inc. has a 52 week low of $80.60 and a 52 week high of $106.46. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.75 and a beta of 0.82.

Popular (NASDAQ:BPOP) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 EPS for the quarter, topping the consensus estimate of $2.04 by $0.47. Popular had a return on equity of 11.89% and a net margin of 14.15%. On average, research analysts anticipate that Popular, Inc. will post 10.06 earnings per share for the current year.

Popular Profile

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.