Popular, Inc. (NASDAQ:BPOP) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its stake in shares of Popular, Inc. (NASDAQ:BPOP) by 16.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 44,150 shares of the bank’s stock after selling 8,956 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.06% of Popular worth $4,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management boosted its stake in Popular by 56.7% in the fourth quarter. Picton Mahoney Asset Management now owns 326 shares of the bank’s stock valued at $31,000 after acquiring an additional 118 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Popular by 56.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 603 shares of the bank’s stock worth $57,000 after purchasing an additional 218 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Popular during the 3rd quarter valued at approximately $81,000. R Squared Ltd bought a new position in Popular during the 4th quarter worth $166,000. Finally, Yousif Capital Management LLC acquired a new stake in Popular in the fourth quarter worth $202,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Insider Buying and Selling at Popular

In related news, EVP Gilberto Monzon sold 9,600 shares of Popular stock in a transaction 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 transaction, the executive vice president now directly owns 39,170 shares in the company, valued at $4,017,666.90. The trade was a 19.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Eduardo J. Negron sold 10,000 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $104.02, for a total value of $1,040,200.00. Following the sale, the executive vice president now directly owns 32,866 shares in the company, valued at $3,418,721.32. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.09% of the stock is owned by corporate insiders.

Popular Stock Performance

Shares of BPOP stock opened at $93.06 on Thursday. Popular, Inc. has a 1 year low of $80.60 and a 1 year high of $106.81. The business’s fifty day moving average is $97.50 and its 200-day moving average is $96.85. The stock has a market cap of $6.45 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.75 and a beta of 0.77.

Popular (NASDAQ:BPOP) last issued its quarterly earnings results 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 net margin of 14.15% and a return on equity of 11.89%. Equities research analysts predict that Popular, Inc. will post 10.06 earnings per share for the current year.

Popular Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $2.80 annualized dividend and a yield of 3.01%. Popular’s dividend payout ratio (DPR) is 32.71%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BPOP. StockNews.com lowered shares of Popular from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods upped their target price on shares of Popular from $116.00 to $129.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Barclays lifted their price target on Popular from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their price objective on Popular from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their target price on Popular from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Popular has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

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.