Teacher Retirement System of Texas increased its stake in shares of Popular Inc. (NASDAQ:BPOP) by 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,537 shares of the company’s stock after buying an additional 1,756 shares during the period. Teacher Retirement System of Texas’ holdings in Popular were worth $426,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Zweig DiMenna Associates LLC bought a new stake in Popular during the second quarter valued at approximately $223,000. Calvert Investment Management Inc. increased its stake in Popular by 11.5% in the second quarter. Calvert Investment Management Inc. now owns 8,339 shares of the company’s stock valued at $244,000 after buying an additional 859 shares during the last quarter. Parametrica Management Ltd bought a new stake in Popular during the second quarter valued at approximately $254,000. Advance Capital I Inc. bought a new stake in Popular during the second quarter valued at approximately $290,000. Finally, Gerstein Fisher bought a new stake in Popular during the second quarter valued at approximately $317,000. 84.10% of the stock is owned by institutional investors.
Popular Inc. (NASDAQ:BPOP) traded up 0.08% on Friday, reaching $39.24. The company’s stock had a trading volume of 844,431 shares. Popular Inc. has a 12 month low of $22.40 and a 12 month high of $39.88. The firm has a 50 day moving average of $38.60 and a 200 day moving average of $32.54. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 10.29 and a beta of 1.73.
Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.04. Popular had a return on equity of 7.06% and a net margin of 18.69%. During the same period in the previous year, the company earned $5.79 EPS. Analysts anticipate that Popular Inc. will post $3.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were given a $0.15 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.60 annualized dividend and a yield of 1.53%. Popular’s dividend payout ratio is currently 15.79%.
Several research firms have recently commented on BPOP. Zacks Investment Research downgraded Popular from a “hold” rating to a “strong sell” rating in a report on Friday, July 8th. Barclays PLC began coverage on Popular in a report on Thursday, June 23rd. They issued an “equal weight” rating and a $32.00 price objective for the company. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $48.00 price target on shares of Popular in a report on Friday, August 26th. BTIG Research reaffirmed a “buy” rating and set a $41.00 price target on shares of Popular in a report on Tuesday, July 12th. Finally, TheStreet raised Popular from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Popular presently has an average rating of “Buy” and a consensus target price of $37.29.
Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.
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