TCW Group Inc. Sells 12,784 Shares of Popular, Inc. (NASDAQ:BPOP)

TCW Group Inc. lowered its stake in Popular, Inc. (NASDAQ:BPOP) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,031 shares of the bank’s stock after selling 12,784 shares during the quarter. TCW Group Inc. owned approximately 0.12% of Popular worth $7,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in shares of Popular during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new position in Popular during the third quarter worth $35,000. Brooklyn Investment Group acquired a new position in Popular during the third quarter worth $47,000. Wilmington Savings Fund Society FSB bought a new stake in Popular during the third quarter worth $81,000. Finally, R Squared Ltd acquired a new stake in Popular in the fourth quarter valued at $166,000. Institutional investors own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BPOP shares. Wells Fargo & Company boosted their price objective on shares of Popular from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods upped their price objective on Popular from $116.00 to $129.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Popular from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada boosted 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. Finally, UBS Group assumed coverage on Popular in a report on Tuesday, December 17th. They set a “neutral” rating and a $104.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.25.

Popular Price Performance

Shares of NASDAQ BPOP opened at $100.69 on Monday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.75 and a beta of 0.82. The stock’s fifty day moving average price is $98.61 and its two-hundred day moving average price is $97.83. Popular, Inc. has a one year low of $80.60 and a one year high of $106.81.

Popular (NASDAQ:BPOP) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.51 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%. On average, equities analysts anticipate that Popular, Inc. will post 10.06 earnings per share for the current fiscal year.

Insider Transactions at Popular

In related news, EVP Gilberto Monzon sold 9,600 shares of the 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 owns 39,170 shares of the company’s stock, valued at $4,017,666.90. This represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Eduardo J. Negron sold 10,000 shares of Popular stock in a transaction 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 of the company’s stock, valued at $3,418,721.32. This represents 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.

About Popular

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.