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Algebris UK Ltd reduced its holdings in Popular, Inc. by 39.9% in Q3, owning 149,452 shares worth about $9,436,000, making up 4.8% of their holdings. CWM LLC, Assetmark Inc., Covestor Ltd, and Lazard Asset Management LLC all increased their positions, while PNC Financial Services Group Inc. raised theirs by 65.8%. 86.76% of the stock is owned by institutional investors and hedge funds.

EVP Camille Burckhart sold 7,764 shares, valued at around $555,747, making the total of her shares around $2,130,435.54. This sale was disclosed in a filing with the SEC, and 2.09% of the stock is owned by corporate insiders.

Wall Street analysts predict growth for Popular. Three analysts rated the stock a hold, while five rated it a buy. The average rating is “Moderate Buy” with a consensus price target of $72.14.

The institutions’ stock sold for $81.33 on Friday, seeing a total of 318,059 shares exchanged, compared to its average volume of 242,584. Popular last released its quarterly earnings results on Thursday, October 26th, beating the consensus estimate by $0.09, with reported revenue of $693.60 million.

Popular recently announced a raised quarterly dividend of $0.62 per share, representing a $2.48 annualized dividend and a yield of 3.05%. The ex-dividend date was on December 6th, and Popular’s dividend payout ratio is presently 25.36%.

Popular, Inc. provides various banking products and services and is based in Puerto Rico. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.



Read more: Popular, Inc. (NASDAQ:BPOP) Holdings Decreased by Algebris UK Ltd