According to the most recent report that X Square Capital LLC submitted to the Securities and Exchange Commission, the investment firm raised the proportion of its holdings in Popular, Inc. (NASDAQ: BPOP) by 2.7% over the third quarter. Following the acquisition of an additional 1,925 shares during the period covered by the report, the total number of shares of the bank’s stock held by the company came to 72,948. The largest position held by X Square Capital LLC is in Popular, which is equivalent to 3.3% of the total assets held by the company. The most recent filing that X Square Capital LLC made with the SEC revealed that the company held 0.10% of Popular, valued at $5,257,000 when the filing was made.
Recently, several other institutional investors, including hedge funds and individual investors, changed the proportion of their holdings that are allocated to the company. Vanguard Group Inc.
Added a total of 0.5 percent more Popular shares to its holdings over the year’s first three months. Vanguard Group Inc. now has a total of 7,580,955 shares of the bank’s stock, which has a value of $619,667,000 due to the purchase of an additional 35,331 shares during the period in question. These shares have a value of $619,667,000.
During the second quarter, Goldman Sachs Group Inc.
Increased the quantity of popular stock owned by 394 percent. Goldman Sachs Group Inc. now holds 1,108,132 shares of the bank’s stock, which has a value of $85,249,000 after purchasing an additional 883,818 shares throughout the most recent time frame. These shares were acquired due to the company’s purchase of additional shares during the most recent time frame. The percentage of Popular stock that Russell Investments Group Ltd.
Already owned grew by 11.1% during the second quarter due to the company’s recent stock purchase. Following the acquisition of an additional 87,038 shares throughout the period above, Russell Investments Group Ltd. now holds 869,028 shares of the bank’s stock, which has a value of $66,849,000.
Brandywine Global Investment Management LLC increased its stake in Popular by 22.7% during the second quarter, bringing the total number of shares it owns in the company to 100%.
Brandywine Global Investment Management LLC now has a total of 615,878 shares of the bank’s stock thanks to acquiring an additional 113,782 shares during the relevant period. The stock has a value of $47,379,000, and Brandywine Global Investment Management LLC now owns 615,878 shares.
And finally, during the first three months of this year, the Manufacturers Life Insurance Company increased the amount of its capital that it has invested in Popular by 5.1%. This brought the total amount of capital invested in Popular to a total of The Manufacturers Life Insurance Company now has a total of 585,797 shares of the bank’s stock, which are currently valued at $47,883,000 after the purchase of an additional 28,481 shares during the period in question.
Institutional investors and hedge funds collectively own 86.01% of the total number of shares in the company, making up the majority of shareholders.
BPOP has been the subject of a great deal of investigation and critical examination in recent years.
The recommendation that StockNews.com had previously given for Popular, a “buy” rating, was changed to a “hold” rating in a report published on Tuesday, January 10.
Piper Sandler disclosed their decision to reduce their target price on Popular to $90.00 in a research report issued on November 1 and published that same day.
According to the findings of a research study released on November 16, the UBS Group stated that they are now aiming for a price of $100 for Popular. Wells Fargo & Company published a research report on Thursday, December 15, in which they downgraded Popular from “overweight” to “neutral” and decreased their target price from $80.00 to $75.00.
Both of these changes were made to Popular’s stock. These alterations were carried out. Royal Bank of Canada lowered its price target for Popular from $91.00 to $80.00 in a research note made public on Thursday, October 27. The most recent piece of business-related news was this announcement.
The price of NASDAQ: BPOP shares increased by $0.14 throughout the trading session on Monday, reaching $68.97. There was a total volume of 6,232 transactions involving the company’s stock, with an average volume of 366,467 shares. There was activity in the market for the company’s stock, with an average volume of 366,467 shares changing hands. The company’s moving average over the previous 200 days is $72.89, while the moving average over the previous 50 days is $67.68. The company’s market capitalization is $5.01 billion, the price-to-earnings ratio of the stock is 5.01, and the company has a beta of 0.87. The lowest point during the past year for Popular, Inc. was $62.55, and the highest point during the past year for the company was $95.28, respectively.
The most recent quarterly profits for the company were reported on October 26 by Popular (NASDAQ: BPOP), which can be found here. The bank achieved earnings per share (EPS) of $5.70 for the quarter, which is $3.17 higher than the average prediction of $2.53 that market analysts made. The revenue for the quarter was $1.01 billion, which was significantly higher than the industry analysts’ forecast of $709.10 million for the amount of money brought in during the quarter. The return on equity was calculated at 22.68% for Popular, while the company’s net margin was 32.87%. The projections made by market analysts indicate that the revenue generated by Popular, Inc. for the current fiscal year will come in at 13.91 cents per share.
In addition, the board of directors voted in favor of a quarterly dividend, and the company paid it out on January 3 after receiving their approval. On Wednesday, December 7, dividend payments to shareholders recorded in the company’s books were sent out. The amount of each dividend payment was $0.55 per share. This dividend’s board of directors voted in favor of a quarterly dividend, and the company paid it out on January 3 after receiving their approval. On Wednesday, December 7, dividend payments to shareholders recorded in the company’s books were sent out. The amount of each dividend payment was $0.55 per share. This dividend’s ex-dividend date, which fell on a Tuesday in December, was the 6th of that month. This results in a dividend yield of 3.19% and a dividend amount of $2.20 per year due to what has transpired here.
A current look at Popular’s dividend payout ratio reveals 16.01%.
Popular, Inc. serves as a holding company in its home country of the United States. The company has a presence in several industries, including banking and financial services. This particular financial institution is comprised of three primary departments, which are referred to as Banco Popular de Puerto Rico, Popular U.S., and Corporate Group. This division of Banco Popular de Puerto Rico is responsible for providing customers with a comprehensive range of banking services, including retail and consumer banking, co.