Boston Partners boosted its holdings in shares of Popular, Inc. (NASDAQ:BPOP) by 11.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 334,913 shares of the bank’s stock after acquiring an additional 33,710 shares during the period. Boston Partners owned 0.33% of Popular worth $12,036,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Popular by 13,970.4% in the 1st quarter. BlackRock Inc. now owns 4,465,650 shares of the bank’s stock valued at $181,886,000 after buying an additional 4,433,912 shares during the period. Polaris Capital Management LLC grew its holdings in shares of Popular by 35.9% in the 2nd quarter. Polaris Capital Management LLC now owns 3,149,712 shares of the bank’s stock valued at $131,374,000 after buying an additional 831,871 shares during the period. Stilwell Value LLC grew its holdings in shares of Popular by 4,071.0% in the 2nd quarter. Stilwell Value LLC now owns 834,200 shares of the bank’s stock valued at $834,000 after buying an additional 814,200 shares during the period. Prudential Financial Inc. grew its holdings in shares of Popular by 63.9% in the 3rd quarter. Prudential Financial Inc. now owns 903,755 shares of the bank’s stock valued at $32,480,000 after buying an additional 352,420 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Popular by 5.8% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,261,030 shares of the bank’s stock valued at $261,148,000 after buying an additional 343,637 shares during the period. 85.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Popular, Inc. (NASDAQ BPOP) opened at $33.20 on Wednesday. Popular, Inc. has a 52-week low of $32.04 and a 52-week high of $45.96. The company has a market cap of $3,338.30, a PE ratio of 11.36 and a beta of 1.33.
Popular (NASDAQ:BPOP) last issued its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.76). The business had revenue of $478.50 million for the quarter, compared to the consensus estimate of $513.85 million. Popular had a return on equity of 5.70% and a net margin of 9.98%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. equities analysts anticipate that Popular, Inc. will post 2.45 EPS for the current year.
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BPOP has been the subject of several research analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price target on shares of Popular in a report on Friday, July 28th. Zacks Investment Research lowered shares of Popular from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. ValuEngine lowered shares of Popular from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Barclays PLC cut their price objective on shares of Popular from $47.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, BTIG Research raised shares of Popular from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $46.75.
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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