November 28, 2016 - By Winifred Garcia
As announced in a legally required report that was filled with the SEC on November 28, 2016, Ileana Gonzalez, Executive Vice President of Popular Inc and a person familiar with the corporation, made a sale of 5,000 shares of the firm for a grant total of $207,565 US Dollars which is based on an average stock price per share of $41.5. Currently, Mr. Ileana, has ownership of 31,087 shares, which accounts for 0.03% of the Company’s market cap.
Out of 10 analysts covering Popular Inc (NASDAQ:BPOP), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. $41 is the highest target while $32 is the lowest. The $35.20 average target is -13.36% below today’s ($40.63) stock price. Popular Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Merion Capital initiated Popular Inc (NASDAQ:BPOP) on Friday, February 26 with “Outperform” rating. Piper Jaffray initiated Popular Inc (NASDAQ:BPOP) on Friday, April 8 with “Overweight” rating. BTIG Research downgraded Popular Inc (NASDAQ:BPOP) on Tuesday, November 22 to “Neutral” rating. HSBC upgraded the stock to “Buy” rating in Tuesday, January 12 report. The stock of Popular Inc (NASDAQ:BPOP) earned “Underperform” rating by Bank of America on Wednesday, September 23. The stock has “Neutral” rating given by Compass Point on Friday, November 18. On Thursday, April 28 the stock rating was maintained by Compass Point with “Buy”. The firm has “Buy” rating given on Monday, July 27 by Guggenheim. Compass Point initiated it with “Buy” rating and $32 target price in Thursday, February 25 report. Zacks upgraded the shares of BPOP in a report on Monday, August 24 to “Sell” rating.
Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.07, from 1.05 in 2016Q1. The ratio improved, as 14 funds sold all Popular Inc shares owned while 78 reduced positions. 35 funds bought stakes while 62 increased positions. They now own 85.81 million shares or 0.79% less from 86.49 million shares in 2016Q1.
First Mercantile Tru holds 10,505 shares or 0.04% of its portfolio. Blackrock Grp Inc accumulated 244,265 shares or 0% of the stock. Advance I Incorporated has 0.31% invested in the company for 9,900 shares. Secor Cap Advsrs Limited Partnership has 0.05% invested in the company for 12,839 shares. Fincl Bank Of America De, a North Carolina-based fund reported 138,987 shares. Utah Retirement has 0.01% invested in the company for 18,609 shares. Legg Mason Asset (Japan) Limited last reported 15,300 shares in the company. Blackrock Fund reported 1.13 million shares or 0.01% of all its holdings. Credit Agricole S A holds 118,200 shares or 0.01% of its portfolio. Ejf Ltd Com holds 1.82% or 660,000 shares in its portfolio. Manufacturers Life Comm The holds 0% of its portfolio in Popular Inc (NASDAQ:BPOP) for 2,752 shares. Citadel Advisors Ltd Liability reported 261,835 shares or 0.01% of all its holdings. Fifth Third Comml Bank holds 54 shares or 0% of its portfolio. Pinebridge Investments L P last reported 0.19% of its portfolio in the stock. Investec Asset Management accumulated 2.52 million shares or 0.38% of the stock.
Insider Transactions: Since October 27, 2016, the stock had 0 buys, and 7 sales for $1.88 million net activity. SEPULVEDA ELI sold $139,081 worth of stock or 3,762 shares. The insider GUERRERO JUAN sold 6,000 shares worth $217,872. 3,000 Popular Inc (NASDAQ:BPOP) shares with value of $121,980 were sold by MONZON GILBERTO. 16,858 Popular Inc (NASDAQ:BPOP) shares with value of $631,164 were sold by CARRION RICHARD L. NEGRON EDUARDO J. sold 2,400 shares worth $98,717. The insider NESTOR O. RIVERA sold $379,660.
About 194,113 shares traded hands. Popular Inc (NASDAQ:BPOP) has risen 40.93% since April 25, 2016 and is uptrending. It has outperformed by 34.92% the S&P500.
Popular, Inc. is a financial holding company. The company has a market cap of $4.22 billion. The Firm operates in two divisions: 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. It has a 11.83 P/E ratio. The Firm has activities in Puerto Rico, the United States and the Caribbean.
According to Zacks Investment Research, “Popular, Inc. is a diversified, publicly owned bank holding company. The corporation’s principal subsidiary, Banco Popular de Puerto Rico, has one of the largest retail franchise in Puerto Rico, operating numerous branches and automated teller machines. The Bank also operates branches in the U.S. Virgin Islands, the British Virgin Islands, and New York.”
Analysts await Popular Inc (NASDAQ:BPOP) to report earnings on January, 24. They expect $0.89 EPS, down 6.32% or $0.06 from last year’s $0.95 per share. BPOP’s profit will be $92.44 million for 11.41 P/E if the $0.89 EPS becomes a reality. After $0.91 actual EPS reported by Popular Inc for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.
Another recent and important Popular Inc (NASDAQ:BPOP) news was published by Streetinsider.com which published an article titled: “Form 4 POPULAR INC For: Nov 25 Filed by: GONZALEZ ILEANA” on November 28, 2016.
Popular, Inc. (Popular), incorporated on November 20, 1984, is a financial holding company. The Firm operates in two divisions: 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 Firm has activities in Puerto Rico, the United States and the Caribbean.
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