Ieq Capital LLC Has $1.86 Million Stock Holdings in Popular, Inc. (NASDAQ:BPOP)

Ieq Capital LLC raised its holdings in Popular, Inc. (NASDAQ:BPOP) by 647.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,775 shares of the bank’s stock after acquiring an additional 17,130 shares during the quarter. Ieq Capital LLC’s holdings in Popular were worth $1,860,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake in shares of Popular by 0.5% in the third quarter. State Street Corp now owns 2,056,377 shares of the bank’s stock valued at $207,475,000 after buying an additional 10,599 shares during the period. Principal Financial Group Inc. increased its position in shares of Popular by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank’s stock worth $105,769,000 after buying an additional 71,782 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Popular by 8.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 902,931 shares of the bank’s stock worth $90,537,000 after buying an additional 67,620 shares during the last quarter. Verition Fund Management LLC lifted its holdings in Popular by 3.7% in the third quarter. Verition Fund Management LLC now owns 629,537 shares of the bank’s stock valued at $63,124,000 after buying an additional 22,355 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Popular by 18.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 548,057 shares of the bank’s stock valued at $54,954,000 after acquiring an additional 84,839 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Insider Buying and Selling at Popular

In other news, EVP Eduardo J. Negron sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $104.02, for a total value of $1,040,200.00. Following the completion of the transaction, the executive vice president now directly owns 32,866 shares in the company, valued at approximately $3,418,721.32. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gilberto Monzon sold 9,600 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $102.57, for a total transaction of $984,672.00. Following the sale, the executive vice president now directly owns 39,170 shares in the company, valued at $4,017,666.90. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.09% of the company’s stock.

Popular Stock Performance

Shares of Popular stock opened at $100.69 on Monday. The stock has a market capitalization of $7.18 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.75 and a beta of 0.82. Popular, Inc. has a 52-week low of $80.60 and a 52-week high of $106.81. The stock’s 50-day simple moving average is $98.61 and its 200 day simple moving average is $97.83.

Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.47. Popular had a net margin of 14.15% and a return on equity of 11.89%. Equities research analysts forecast that Popular, Inc. will post 10.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on BPOP. Royal Bank of Canada raised their target price on Popular from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on shares of Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Barclays increased their price objective on shares of Popular from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. StockNews.com upgraded Popular from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price target on shares of Popular from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Popular has an average rating of “Moderate Buy” and a consensus target price of $112.25.

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.