Trade Report: Today, 5,000 Shares of Stock are sold by Popular Inc. (BPOP) Insider Ileana Gonzalez

Today, 5,000 Shares of Stock are sold by Popular Inc. (BPOP) Insider Ileana Gonzalez

Popular Inc. (NASDAQ:BPOP) insider Ileana Gonzalez sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $41.51, for a total transaction of $207,550.00. Following the transaction, the insider now owns 31,087 shares of the company’s stock, valued at approximately $1,290,421.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Popular Inc. (NASDAQ:BPOP) opened at 40.27 on Tuesday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 11.72 and a beta of 1.63. Popular Inc. has a one year low of $22.40 and a one year high of $42.83. The company has a 50 day moving average of $38.74 and a 200-day moving average of $35.13.

Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.44. Popular had a net margin of 17.25% and a return on equity of 6.99%. During the same quarter last year, the business posted $0.82 earnings per share. On average, analysts expect that Popular Inc. will post $3.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Friday, December 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. Popular’s payout ratio is presently 17.54%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Popular by 2.5% in the first quarter. Geode Capital Management LLC now owns 680,946 shares of the company’s stock worth $19,481,000 after buying an additional 16,552 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Popular by 8.3% in the first quarter. Panagora Asset Management Inc. now owns 174,854 shares of the company’s stock worth $5,003,000 after buying an additional 13,392 shares during the last quarter. Babson Capital Management LLC acquired a new position in shares of Popular during the first quarter worth about $1,176,000. Nordea Investment Management AB raised its position in shares of Popular by 273.7% in the second quarter. Nordea Investment Management AB now owns 21,300 shares of the company’s stock worth $624,000 after buying an additional 15,600 shares during the last quarter. Finally, First Quadrant L P CA raised its position in shares of Popular by 52.8% in the second quarter. First Quadrant L P CA now owns 198,800 shares of the company’s stock worth $5,825,000 after buying an additional 68,700 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

A number of research analysts have commented on BPOP shares. Zacks Investment Research upgraded shares of Popular from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. TheStreet upgraded shares of Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $48.00 target price on shares of Popular in a research note on Friday, August 26th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Popular in a research note on Wednesday, October 12th. Finally, Compass Point cut shares of Popular from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $37.83.

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