Popular, Inc. $BPOP Stock Holdings Boosted by Fieldview Capital Management LLC

Fieldview Capital Management LLC grew its position in shares of Popular, Inc. (NASDAQ:BPOP) by 67.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 37,436 shares of the bank’s stock after purchasing an additional 15,081 shares during the quarter. Popular accounts for 0.8% of Fieldview Capital Management LLC’s portfolio, making the stock its 18th largest position. Fieldview Capital Management LLC owned about 0.06% of Popular worth $4,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Popular by 2,158.8% in the 2nd quarter. Allworth Financial LP now owns 384 shares of the bank’s stock worth $42,000 after purchasing an additional 367 shares during the last quarter. True Wealth Design LLC boosted its holdings in Popular by 262.9% during the third quarter. True Wealth Design LLC now owns 352 shares of the bank’s stock worth $45,000 after buying an additional 255 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Popular by 84.2% in the third quarter. Smartleaf Asset Management LLC now owns 593 shares of the bank’s stock worth $76,000 after buying an additional 271 shares during the last quarter. Farther Finance Advisors LLC grew its position in Popular by 63.2% in the third quarter. Farther Finance Advisors LLC now owns 682 shares of the bank’s stock worth $87,000 after buying an additional 264 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Popular by 63.6% in the second quarter. Osaic Holdings Inc. now owns 1,515 shares of the bank’s stock valued at $164,000 after buying an additional 589 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Popular Stock Down 2.5%

Shares of Popular stock opened at $130.78 on Monday. Popular, Inc. has a 12 month low of $78.23 and a 12 month high of $149.31. The stock has a market cap of $8.51 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.81 and a beta of 0.61. The business has a fifty day simple moving average of $134.43 and a 200-day simple moving average of $125.23.

Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.36. Popular had a return on equity of 13.70% and a net margin of 18.75%.The firm had revenue of $806.59 million for the quarter, compared to analyst estimates of $811.55 million. During the same period in the previous year, the firm earned $2.51 earnings per share. Analysts expect that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Popular Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.3%. Popular’s dividend payout ratio is currently 24.35%.

Insider Buying and Selling

In related news, Director Alejandro M. Ballester sold 2,360 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $132.50, for a total transaction of $312,700.00. Following the completion of the sale, the director directly owned 57,449 shares in the company, valued at approximately $7,611,992.50. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alejandro M. Sanchez sold 1,451 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $140.85, for a total transaction of $204,373.35. Following the transaction, the director directly owned 3,415 shares in the company, valued at $481,002.75. The trade was a 29.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BPOP has been the subject of several research reports. Citigroup raised their price objective on Popular from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada boosted their target price on Popular from $137.00 to $141.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Hovde Group upped their target price on Popular from $153.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Bank of America upgraded Popular from a “neutral” rating to a “buy” rating and set a $156.00 price target for the company in a research report on Tuesday, February 3rd. Finally, Piper Sandler assumed coverage on Popular in a report on Thursday, January 15th. They set an “overweight” rating and a $152.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $156.55.

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.