Hanson & Doremus Investment Management held its stake in shares of Popular Inc. (NASDAQ:BPOP) during the second quarter, Holdings Channel reports. The firm owned 6,305 shares of the company’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in Popular were worth $185,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its stake in shares of Popular by 35.7% in the first quarter. TIAA CREF Investment Management LLC now owns 524,484 shares of the company’s stock worth $15,005,000 after buying an additional 137,899 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Popular by 14.4% in the first quarter. Loomis Sayles & Co. L P now owns 1,063,670 shares of the company’s stock worth $30,431,000 after buying an additional 134,220 shares during the period. Credit Agricole S A boosted its position in shares of Popular by 900.0% in the first quarter. Credit Agricole S A now owns 118,200 shares of the company’s stock worth $3,382,000 after buying an additional 106,380 shares during the period. Bank of Montreal Can acquired a new position in shares of Popular during the second quarter worth $2,322,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Popular by 15.1% in the first quarter. JPMorgan Chase & Co. now owns 603,115 shares of the company’s stock worth $17,254,000 after buying an additional 79,256 shares during the period. Institutional investors and hedge funds own 84.10% of the company’s stock.
Popular Inc. (NASDAQ:BPOP) traded up 1.39% on Tuesday, reaching $37.90. 115,001 shares of the company’s stock traded hands. The firm has a market capitalization of $3.93 billion, a P/E ratio of 9.94 and a beta of 1.73. The stock has a 50-day moving average of $38.58 and a 200 day moving average of $32.97. Popular Inc. has a 52 week low of $22.40 and a 52 week high of $39.88.
Popular (NASDAQ:BPOP) last announced 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 net margin of 18.69% and a return on equity of 7.06%. During the same quarter last year, the company posted $5.79 EPS. On average, equities analysts expect that Popular Inc. will post $3.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. Popular’s payout ratio is currently 15.79%.
A number of research analysts recently weighed in on BPOP shares. Barclays PLC started coverage on shares of Popular in a report on Thursday, June 23rd. They issued an “equal weight” rating and a $32.00 price objective for the company. Zacks Investment Research cut shares of Popular from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. BTIG Research restated a “buy” rating and issued a $41.00 price objective on shares of Popular in a report on Tuesday, July 12th. TheStreet upgraded shares of Popular from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $48.00 price objective on shares of Popular in a report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.29.
Popular Company Profile
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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