U.S. Capital Wealth Advisors LLC Lowers Stake in Popular, Inc. (NASDAQ:BPOP)

U.S. Capital Wealth Advisors LLC reduced its position in shares of Popular, Inc. (NASDAQ:BPOP) by 14.1% during the 4th quarter, HoldingsChannel reports. The fund owned 12,201 shares of the bank’s stock after selling 1,997 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Popular were worth $1,001,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Treasurer of the State of North Carolina boosted its stake in shares of Popular by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 30,898 shares of the bank’s stock worth $1,947,000 after acquiring an additional 150 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Popular by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 20,493 shares of the bank’s stock worth $1,291,000 after acquiring an additional 277 shares in the last quarter. Rock Point Advisors LLC boosted its stake in shares of Popular by 1.1% during the 3rd quarter. Rock Point Advisors LLC now owns 31,792 shares of the bank’s stock worth $2,003,000 after acquiring an additional 345 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Popular by 0.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,543 shares of the bank’s stock worth $7,091,000 after acquiring an additional 367 shares in the last quarter. Finally, Inspire Advisors LLC boosted its stake in shares of Popular by 3.7% during the 3rd quarter. Inspire Advisors LLC now owns 12,971 shares of the bank’s stock worth $817,000 after acquiring an additional 468 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Popular

In related news, EVP Luis E. Cestero sold 4,641 shares of Popular stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $84.42, for a total value of $391,793.22. Following the completion of the sale, the executive vice president now owns 26,772 shares in the company, valued at approximately $2,260,092.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.13% of the company’s stock.

Popular Price Performance

Shares of NASDAQ BPOP opened at $88.85 on Monday. The company has a 50 day simple moving average of $84.89 and a 200-day simple moving average of $80.07. The company has a market capitalization of $6.42 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.84 and a beta of 0.81. Popular, Inc. has a 1 year low of $52.32 and a 1 year high of $89.81.

Popular Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.62 per share. The ex-dividend date was Wednesday, March 13th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.79%. Popular’s dividend payout ratio is currently 36.80%.

Wall Street Analyst Weigh In

BPOP has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of Popular from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their price target on shares of Popular from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Hovde Group raised their price target on shares of Popular from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. UBS Group raised their price target on shares of Popular from $84.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, StockNews.com raised shares of Popular from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.89.

Popular Profile

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.