Philadelphia Financial Management Of San Francisco LLC Has Trimmed Its Holding in Popular INC (BPOP) by $12.64 Million as Market Valuation Rose

June 16, 2018 - By Winifred Garcia

Popular, Inc. (NASDAQ:BPOP) LogoInvestors sentiment increased to 1.33 in 2018 Q1. Its up 0.43, from 0.9 in 2017Q4. It increased, as 16 investors sold BPOP shares while 63 reduced holdings. 42 funds opened positions while 63 raised stakes. 88.12 million shares or 2.82% more from 85.70 million shares in 2017Q4 were reported. Moreover, Raging Capital Mgmt Limited Company has 4.54% invested in Popular, Inc. (NASDAQ:BPOP) for 817,946 shares. Guggenheim Capital Ltd Com has invested 0% in Popular, Inc. (NASDAQ:BPOP). Moreover, Frontier Cap Mngmt Company Lc has 0.8% invested in Popular, Inc. (NASDAQ:BPOP) for 2.65 million shares. Element Capital Mngmt Ltd Liability Corp holds 0.01% or 9,371 shares. Tcw Group Inc Inc, a California-based fund reported 117,881 shares. Kennedy Cap Mngmt holds 42,204 shares. First Mercantile Trust reported 9,813 shares or 0.09% of all its holdings. Hanson And Doremus Mgmt reported 5,040 shares stake. Stone Ridge Asset Mgmt Lc reported 26,253 shares. Federated Invsts Incorporated Pa invested 0.04% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Engineers Gate Manager LP has invested 0.33% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Ubs Asset Management Americas Inc holds 0% or 123,768 shares. Sterling Management Ltd reported 104,241 shares stake. Clarivest Asset Ltd Liability Co stated it has 95,600 shares. Jacobs Asset Mgmt Ltd Limited Liability Company invested 3.76% of its portfolio in Popular, Inc. (NASDAQ:BPOP).

Philadelphia Financial Management Of San Francisco Llc decreased its stake in Popular Inc (BPOP) by 34.89% based on its latest 2018Q1 regulatory filing with the SEC. Philadelphia Financial Management Of San Francisco Llc sold 308,186 shares as the company’s stock rose 8.86% while stock markets declined. The hedge fund held 575,082 shares of the finance company at the end of 2018Q1, valued at $23.94 million, down from 883,268 at the end of the previous reported quarter. Philadelphia Financial Management Of San Francisco Llc who had been investing in Popular Inc for a number of months, seems to be less bullish one the $4.75 billion market cap company. The stock decreased 0.17% or $0.08 during the last trading session, reaching $46.43. About 477,405 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 22.58% since June 16, 2017 and is uptrending. It has outperformed by 10.01% the S&P500.

Analysts await Popular, Inc. (NASDAQ:BPOP) to report earnings on July, 25. They expect $0.97 EPS, up 3.19 % or $0.03 from last year’s $0.94 per share. BPOP’s profit will be $99.21 million for 11.97 P/E if the $0.97 EPS becomes a reality. After $0.89 actual EPS reported by Popular, Inc. for the previous quarter, Wall Street now forecasts 8.99 % EPS growth.

More notable recent Popular, Inc. (NASDAQ:BPOP) news were published by: Streetinsider.com which released: “Piper Jaffray Raises Popular (BPOP) PT To $60 On LSA Termination” on May 29, 2018, also Businesswire.com with their article: “Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities” published on June 05, 2018, Streetinsider.com published: “Raising PT’s On BPOP, FBP and OFG On Economic Stability And Hints At Debt Settlement – Piper Jaffray” on May 21, 2018. More interesting news about Popular, Inc. (NASDAQ:BPOP) were released by: Streetinsider.com and their article: “Popular (BPOP) to Acquire Wells Fargo’s (WFC) Auto Finance Business in Puerto Rico” published on June 04, 2018 as well as Investorplace.com‘s news article titled: “5 Top-Ranked Bank Stocks to Profit From Fed’s Rate Hike” with publication date: June 14, 2018.

Popular, Inc. (NASDAQ:BPOP) Ratings Coverage

Among 7 analysts covering Popular Inc (NASDAQ:BPOP), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Popular Inc had 18 analyst reports since December 21, 2017 according to SRatingsIntel. The stock has “Buy” rating by Piper Jaffray on Thursday, February 15. The rating was maintained by Morgan Stanley on Monday, April 30 with “Equal-Weight”. Piper Jaffray maintained Popular, Inc. (NASDAQ:BPOP) rating on Tuesday, April 24. Piper Jaffray has “Buy” rating and $52.5000 target. Keefe Bruyette & Woods maintained it with “Buy” rating and $5100 target in Wednesday, April 25 report. The firm earned “Buy” rating on Thursday, December 21 by Citigroup. The stock of Popular, Inc. (NASDAQ:BPOP) earned “Overweight” rating by Barclays Capital on Wednesday, April 25. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, January 24. BTIG Research maintained the shares of BPOP in report on Tuesday, April 24 with “Buy” rating. The company was maintained on Friday, January 26 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, January 24 by Keefe Bruyette & Woods.

Popular, Inc. (NASDAQ:BPOP) Institutional Positions Chart

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