Atria Investments LLC boosted its holdings in shares of Popular, Inc. (NASDAQ:BPOP – Get Rating) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,828 shares of the bank’s stock after buying an additional 1,643 shares during the quarter. Atria Investments LLC’s holdings in Popular were worth $1,141,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in BPOP. SG Americas Securities LLC boosted its position in shares of Popular by 144.6% in the first quarter. SG Americas Securities LLC now owns 12,321 shares of the bank’s stock worth $1,007,000 after purchasing an additional 7,283 shares during the period. Versor Investments LP boosted its position in shares of Popular by 36.0% in the first quarter. Versor Investments LP now owns 4,673 shares of the bank’s stock worth $382,000 after purchasing an additional 1,238 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Popular by 54.0% in the first quarter. Envestnet Asset Management Inc. now owns 35,059 shares of the bank’s stock worth $2,866,000 after purchasing an additional 12,295 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Popular in the first quarter worth approximately $525,000. Finally, Victory Capital Management Inc. boosted its position in shares of Popular by 186.2% in the first quarter. Victory Capital Management Inc. now owns 121,993 shares of the bank’s stock worth $9,514,000 after purchasing an additional 79,371 shares during the period. 91.48% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Popular from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. UBS Group dropped their price target on shares of Popular to $100.00 in a research report on Wednesday, November 16th. Royal Bank of Canada dropped their target price on shares of Popular from $91.00 to $80.00 in a research report on Thursday, October 27th. Piper Sandler dropped their target price on shares of Popular to $90.00 in a research report on Tuesday, November 1st. Finally, Wells Fargo & Company dropped their target price on shares of Popular from $95.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, October 27th.
Popular Stock Performance
Popular Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Wednesday, December 7th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, December 6th. Popular’s payout ratio is 16.01%.
Popular Company Profile
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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