Today: Popular Inc. (BPOP) Insider Ileana Gonzalez Sold 5,000 Shares

Today: Popular Inc. (BPOP) Insider Ileana Gonzalez Sold 5,000 Shares

Popular Inc. (NASDAQ:BPOP) insider Ileana Gonzalez sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $41.51, for a total transaction of $207,550.00. Following the completion of the transaction, the insider now directly owns 31,087 shares in the company, valued at $1,290,421.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Popular Inc. (NASDAQ:BPOP) traded down 2.94% during midday trading on Monday, hitting $40.27. 481,962 shares of the company were exchanged. Popular Inc. has a one year low of $22.40 and a one year high of $42.83. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 11.72 and a beta of 1.63. The firm’s 50 day moving average price is $38.71 and its 200 day moving average price is $34.98.

Popular (NASDAQ:BPOP) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by $0.44. Popular had a return on equity of 6.99% and a net margin of 17.25%. During the same quarter last year, the firm earned $0.82 EPS. Analysts forecast that Popular Inc. will post $3.03 EPS for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, December 7th. Popular’s payout ratio is 17.54%.

A number of large investors have recently bought and sold shares of the company. Utah Retirement Systems raised its stake in Popular by 1.1% in the second quarter. Utah Retirement Systems now owns 18,609 shares of the company’s stock worth $546,000 after buying an additional 200 shares during the last quarter. Prudential Financial Inc. raised its stake in Popular by 2.8% in the third quarter. Prudential Financial Inc. now owns 7,795 shares of the company’s stock worth $298,000 after buying an additional 211 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Popular by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,464 shares of the company’s stock worth $132,000 after buying an additional 337 shares during the last quarter. Amalgamated Bank raised its stake in Popular by 2.8% in the second quarter. Amalgamated Bank now owns 12,378 shares of the company’s stock worth $455,000 after buying an additional 338 shares during the last quarter. Finally, Paloma Partners Management Co raised its stake in Popular by 7.5% in the second quarter. Paloma Partners Management Co now owns 10,604 shares of the company’s stock worth $311,000 after buying an additional 744 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

BPOP has been the topic of a number of recent research reports. TheStreet raised shares of Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research raised shares of Popular from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. BTIG Research cut shares of Popular from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Compass Point lowered shares of Popular from a “buy” rating to a “neutral” rating in a report on Friday, November 18th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Popular in a report on Wednesday, October 12th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $37.83.

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