UBS Asset Management Americas Inc. increased its stake in shares of Popular Inc. (NASDAQ:BPOP) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 111,149 shares of the company’s stock after buying an additional 2,424 shares during the period. UBS Asset Management Americas Inc. owned about 0.11% of Popular worth $3,256,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in BPOP. Zweig DiMenna Associates LLC acquired a new stake in Popular during the second quarter worth approximately $223,000. Calvert Investment Management Inc. raised 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 worth $244,000 after buying an additional 859 shares in the last quarter. Parametrica Management Ltd acquired a new stake in Popular during the second quarter worth approximately $254,000. Acrospire Investment Management LLC acquired a new stake in Popular during the first quarter worth approximately $286,000. Finally, Gerstein Fisher acquired a new stake in Popular during the second quarter worth approximately $317,000. 84.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Popular Inc. (NASDAQ:BPOP) traded down 0.50% on Tuesday, hitting $37.92. The stock had a trading volume of 209,882 shares. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 9.94 and a beta of 1.73. The company has a 50-day moving average of $38.45 and a 200 day moving average of $32.30. Popular Inc. has a 52 week low of $22.40 and a 52 week high of $39.88.
Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, July 26th. The company reported $0.85 EPS for the quarter, beating the 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 quarter last year, the business posted $5.79 EPS. On average, equities research analysts predict that Popular Inc. will post $3.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were given 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 1.57%. Popular’s payout ratio is 15.79%.
A number of equities research analysts have recently commented on the company. Barclays PLC raised their price target on Popular from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Zacks Investment Research raised Popular from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. TheStreet raised Popular from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. BTIG Research reissued a “buy” rating and issued a $41.00 target price on shares of Popular in a research report on Tuesday, July 12th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $48.00 target price on shares of Popular in a research report on Friday, August 26th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Popular presently has a consensus rating of “Buy” and an average price target 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.
Want to see what other hedge funds are holding BPOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Popular Inc. (NASDAQ:BPOP).
Receive News & Ratings for Popular Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Popular Inc. and related companies with MarketBeat.com's FREE daily email newsletter.