Allianz Asset Management GmbH Boosts Stock Position in Popular, Inc. $BPOP

Allianz Asset Management GmbH lifted its stake in Popular, Inc. (NASDAQ:BPOP) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,807 shares of the bank’s stock after acquiring an additional 9,180 shares during the period. Allianz Asset Management GmbH owned approximately 0.12% of Popular worth $9,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BPOP. Royal Bank of Canada boosted its stake in Popular by 23.1% in the 1st quarter. Royal Bank of Canada now owns 94,352 shares of the bank’s stock worth $8,715,000 after purchasing an additional 17,729 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Popular in the first quarter worth about $257,000. Goldman Sachs Group Inc. lifted its holdings in shares of Popular by 60.6% in the first quarter. Goldman Sachs Group Inc. now owns 223,530 shares of the bank’s stock worth $20,647,000 after buying an additional 84,327 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Popular in the first quarter valued at approximately $207,000. Finally, Sivia Capital Partners LLC purchased a new position in Popular during the second quarter valued at approximately $252,000. 87.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BPOP shares. Wells Fargo & Company lowered their target price on shares of Popular from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Royal Bank Of Canada increased their price objective on Popular from $137.00 to $141.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Citigroup lifted their price objective on Popular from $144.00 to $161.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Barclays upped their target price on Popular from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Finally, Piper Sandler began coverage on Popular in a research report on Thursday, January 15th. They set an “overweight” rating and a $152.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Popular currently has an average rating of “Buy” and a consensus price target of $155.73.

Insider Transactions at Popular

In other Popular news, Director Alejandro M. Ballester sold 2,360 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $132.50, for a total value of $312,700.00. Following the completion of the sale, the director directly owned 57,449 shares of the company’s stock, valued at $7,611,992.50. The trade was a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard L. Carrion sold 25,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $113.50, for a total transaction of $2,837,500.00. Following the sale, the director owned 193,020 shares of the company’s stock, valued at approximately $21,907,770. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 28,360 shares of company stock worth $3,265,040. 2.09% of the stock is currently owned by insiders.

Key Headlines Impacting Popular

Here are the key news stories impacting Popular this week:

• Positive Sentiment: Zacks upgraded Popular from Hold to Strong Buy and moved BPOP onto its Rank #1 value list—an upgrade that tends to attract value-focused and quant-driven buyers. Read More.
• Positive Sentiment: Independent coverage shows analysts maintaining a Buy consensus on BPOP, reinforcing demand from institutional and retail investors looking for banks with attractive valuations. Read More.
• Positive Sentiment: Market commentary highlights BPOP hitting a 52‑week high and discusses whether the rally can continue—this momentum narrative can draw momentum and breakout buyers. Read More.
• Positive Sentiment: Coverage noting analyst target adjustments and a fair‑value reset is reframing the narrative on BPOP, supporting renewed interest from value and target‑price driven investors. Read More.
• Neutral Sentiment: Zacks published a deeper note weighing BPOP’s appeal to value investors using its rank system—useful analysis but not an immediate catalyst. Read More.
• Neutral Sentiment: A few unrelated headlines that reference the “Popular” name (e.g., an ice‑cream chain Chapter 11 filing) could create short‑term headline noise or confusion but don’t reflect bank fundamentals. Read More.

Popular Stock Up 2.2%

Shares of BPOP stock opened at $145.97 on Monday. The business has a 50-day moving average price of $126.40 and a two-hundred day moving average price of $121.67. Popular, Inc. has a 12-month low of $78.23 and a 12-month high of $146.95. The firm has a market cap of $9.73 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63.

Popular (NASDAQ:BPOP) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.36. The company had revenue of $815.98 million for the quarter, compared to analysts’ expectations of $811.55 million. Popular had a return on equity of 13.87% and a net margin of 18.75%.During the same period last year, the firm posted $2.51 EPS. As a group, research analysts expect that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 5th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.00 annualized dividend and a dividend yield of 2.1%. Popular’s dividend payout ratio (DPR) is 24.35%.

About Popular

Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.

The company’s product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.