Separately, Piper Sandler cut their price objective on Popular to $100.00 in a research note on Monday, July 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Popular has a consensus rating of “Buy” and an average target price of $109.60.
Popular Stock Performance
Shares of BPOP opened at $78.68 on Wednesday. The company has a market capitalization of $5.90 billion, a P/E ratio of 7.07 and a beta of 0.90. Popular has a one year low of $70.75 and a one year high of $99.49. The stock has a 50-day moving average price of $78.52 and a 200 day moving average price of $79.54.
Insider Buying and Selling at Popular
In other news, VP Jorge J. Garcia sold 1,383 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $80.22, for a total transaction of $110,944.26. Following the sale, the vice president now directly owns 9,299 shares in the company, valued at approximately $745,965.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Eli Sepulveda sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $81.09, for a total transaction of $405,450.00. Following the sale, the executive vice president now directly owns 39,255 shares in the company, valued at approximately $3,183,187.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jorge J. Garcia sold 1,383 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $80.22, for a total value of $110,944.26. Following the completion of the sale, the vice president now owns 9,299 shares in the company, valued at $745,965.78. The disclosure for this sale can be found here. Insiders have sold 16,018 shares of company stock worth $1,290,856 over the last quarter. 1.88% of the stock is owned by corporate insiders.
Institutional Trading of Popular
Large investors have recently added to or reduced their stakes in the business. Swiss National Bank increased its position in Popular by 6.2% in the 1st quarter. Swiss National Bank now owns 188,800 shares of the bank’s stock valued at $15,433,000 after acquiring an additional 11,100 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of Popular by 3,582.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 27,990 shares of the bank’s stock worth $2,296,000 after acquiring an additional 27,230 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Popular during the first quarter worth $1,446,000. OneAscent Wealth Management LLC purchased a new stake in shares of Popular during the first quarter worth $396,000. Finally, Schroder Investment Management Group purchased a new stake in shares of Popular during the fourth quarter worth $1,108,000. 91.48% of the stock is currently owned by institutional investors and hedge funds.
Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and 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.
- Get a free copy of the StockNews.com research report on Popular (BPOP)
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