TCW Group Inc. Has $7.72 Million Stock Holdings in Popular, Inc. (NASDAQ:BPOP)

TCW Group Inc. decreased its holdings in Popular, Inc. (NASDAQ:BPOP) by 13.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 82,031 shares of the bank’s stock after selling 12,784 shares during the period. TCW Group Inc.’s holdings in Popular were worth $7,716,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Popular by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,054,849 shares of the bank’s stock valued at $105,769,000 after acquiring an additional 71,782 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Popular by 284.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 72,403 shares of the bank’s stock valued at $7,260,000 after purchasing an additional 53,590 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Popular by 83.9% during the 3rd quarter. Cerity Partners LLC now owns 9,546 shares of the bank’s stock valued at $957,000 after purchasing an additional 4,354 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Popular by 279.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 38,798 shares of the bank’s stock worth $3,890,000 after purchasing an additional 28,574 shares in the last quarter. Finally, KBC Group NV lifted its stake in Popular by 1,719.6% in the 4th quarter. KBC Group NV now owns 37,775 shares of the bank’s stock valued at $3,553,000 after purchasing an additional 35,699 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Popular Price Performance

Popular stock opened at $100.69 on Monday. The stock’s 50 day moving average is $98.61 and its 200 day moving average is $97.83. Popular, Inc. has a one year low of $80.60 and a one year high of $106.81. The firm has a market cap 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 (NASDAQ:BPOP) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.47. Popular had a net margin of 14.15% and a return on equity of 11.89%. Equities analysts anticipate that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Popular

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BPOP. StockNews.com raised shares of Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada upped their target price on Popular from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on Popular from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, Barclays lifted their target price 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Popular currently 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.