Inspire Investing LLC Purchases Shares of 12,530 Popular, Inc. $BPOP

Inspire Investing LLC acquired a new stake in Popular, Inc. (NASDAQ:BPOP) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,530 shares of the bank’s stock, valued at approximately $1,681,000.

Other institutional investors also recently modified their holdings of the company. Acumen Wealth Advisors LLC bought a new stake in shares of Popular in the 4th quarter valued at about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Popular during the fourth quarter worth about $28,000. Parallel Advisors LLC grew its holdings in Popular by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 246 shares of the bank’s stock worth $31,000 after purchasing an additional 102 shares during the period. Advisory Services Network LLC acquired a new position in Popular during the third quarter worth approximately $31,000. Finally, Atlas Capital Advisors Inc. acquired a new position in Popular during the fourth quarter worth approximately $50,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Popular Stock Down 0.4%

Shares of BPOP stock opened at $164.18 on Wednesday. Popular, Inc. has a 12-month low of $108.74 and a 12-month high of $169.14. The company has a market capitalization of $10.60 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.82 and a beta of 0.62. The firm has a 50 day moving average price of $152.91 and a two-hundred day moving average price of $140.42.

Popular (NASDAQ:BPOP) last posted its earnings results on Thursday, April 23rd. The bank reported $3.78 EPS for the quarter, beating the consensus estimate of $3.30 by $0.48. The company had revenue of $816.08 million for the quarter, compared to the consensus estimate of $866.54 million. Popular had a return on equity of 14.53% and a net margin of 20.10%.During the same quarter in the prior year, the business earned $2.56 earnings per share. As a group, research analysts expect that Popular, Inc. will post 15.13 EPS for the current year.

Popular Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, May 29th will be paid a $0.75 dividend. The ex-dividend date is Friday, May 29th. This represents a $3.00 annualized dividend and a yield of 1.8%. Popular’s payout ratio is 22.16%.

Analysts Set New Price Targets

BPOP has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Popular from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wells Fargo & Company boosted their target price on Popular from $135.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Citigroup increased their price target on Popular from $178.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Piper Sandler raised their price target on Popular from $173.00 to $190.00 and gave the company an “overweight” rating in a report on Friday. Finally, Weiss Ratings raised shares of Popular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $171.18.

Insider Buying and Selling at Popular

In other news, Director Alejandro M. Sanchez sold 300 shares of Popular stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $150.36, for a total transaction of $45,108.00. Following the completion of the sale, the director owned 3,960 shares of the company’s stock, valued at approximately $595,425.60. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Cristin Gonzalez-Noguera sold 6,200 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $148.51, for a total transaction of $920,762.00. Following the completion of the sale, the executive vice president directly owned 11,255 shares of the company’s stock, valued at approximately $1,671,480.05. The trade was a 35.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,500 shares of company stock valued at $4,415,870 in the last ninety days. 2.13% of the stock is currently owned by corporate insiders.

Popular Company Profile

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.