Does Popular Incorporated (NASDAQ:BPOP) Have Gas After Even More Sellers Involved?

September 17, 2017 - By Marguerite Chambers

 Does Popular Incorporated (NASDAQ:BPOP) Have Gas After Even More Sellers Involved?

Investors sentiment increased to 1.18 in Q4 2016. Its up 0.06, from 1.12 in 2016Q3. It increased, as 30 investors sold Popular Inc shares while 73 reduced holdings. 43 funds opened positions while 79 raised stakes. 87.04 million shares or 1.61% more from 85.66 million shares in 2016Q3 were reported.
Livforsakringsbolaget Skandia Omsesidigt reported 86,950 shares. Tcw Gru Incorporated reported 0.04% in Popular Inc (NASDAQ:BPOP). First Republic Mngmt owns 4,752 shares for 0% of their portfolio. California Employees Retirement reported 0.03% in Popular Inc (NASDAQ:BPOP). Moreover, Nationwide Fund Advisors has 0.03% invested in Popular Inc (NASDAQ:BPOP) for 181,013 shares. Fifth Third Retail Bank invested 0% of its portfolio in Popular Inc (NASDAQ:BPOP). Engineers Gate Manager Limited Partnership owns 71,091 shares or 0.33% of their US portfolio. Price T Rowe Associate Inc Md owns 6.48M shares or 0.06% of their US portfolio. Clinton Grp accumulated 0.13% or 52,539 shares. 459,027 were reported by First Quadrant Limited Partnership Ca. Manitoba – Canada-based Great West Life Assurance Com Can has invested 0% in Popular Inc (NASDAQ:BPOP). Employees Retirement Association Of Colorado holds 0.01% or 20,489 shares in its portfolio. Pinebridge Invs Limited Partnership reported 60,087 shares. Polaris Cap Mgmt Ltd Llc holds 6.61% of its portfolio in Popular Inc (NASDAQ:BPOP) for 2.33M shares. Zweig reported 5,900 shares.

Since May 1, 2017, it had 0 buys, and 5 sales for $932,916 activity. On Monday, May 1 BALLESTER ALEJANDRO M sold $126,450 worth of Popular Inc (NASDAQ:BPOP) or 3,000 shares. On Tuesday, May 2 the insider NESTOR O. RIVERA sold $469,674. Another trade for 1,994 shares valued at $84,247 was sold by SEPULVEDA ELI. $99,945 worth of Popular Inc (NASDAQ:BPOP) shares were sold by NEGRON EDUARDO J..

The stock of Popular Incorporated (NASDAQ:BPOP) registered an increase of 19.79% in short interest. BPOP’s total short interest was 859,700 shares in September as published by FINRA. Its up 19.79% from 717,700 shares, reported previously. With 277,100 shares average volume, it will take short sellers 3 days to cover their BPOP’s short positions.

The stock increased 0.37% or $0.15 on September 15, reaching $40.71. About 1.63M shares traded or 188.30% up from the average. Popular Inc (NASDAQ:BPOP) has risen 26.79% since September 17, 2016 and is uptrending. It has outperformed by 10.09% the S&P500.

Popular, Inc. is a financial holding company. The company has market cap of $4.15 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 18.4 P/E ratio. The Firm has activities in Puerto Rico, the United States and the Caribbean.

Popular Inc (NASDAQ:BPOP) Ratings Coverage

Among 13 analysts covering Popular Inc (NASDAQ:BPOP), 8 have Buy rating, 1 Sell and 4 Hold. Therefore 62% are positive. Popular Inc had 22 analyst reports since July 27, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Popular Inc (NASDAQ:BPOP) rating on Monday, June 5. Keefe Bruyette & Woods has “Hold” rating and $4600 target. The rating was upgraded by Guggenheim on Monday, July 27 to “Buy”. The firm earned “Buy” rating on Thursday, September 7 by RBC Capital Markets. Jefferies downgraded the shares of BPOP in report on Monday, February 6 to “Hold” rating. Compass Point initiated Popular Inc (NASDAQ:BPOP) on Thursday, February 25 with “Buy” rating. Keefe Bruyette & Woods maintained Popular Inc (NASDAQ:BPOP) on Thursday, July 6 with “Hold” rating. Barclays Capital initiated Popular Inc (NASDAQ:BPOP) rating on Thursday, June 23. Barclays Capital has “Equal-Weight” rating and $32 target. On Thursday, April 28 the stock rating was maintained by Compass Point with “Buy”. The stock of Popular Inc (NASDAQ:BPOP) has “Sell” rating given on Monday, August 24 by Zacks. As per Monday, February 6, the company rating was downgraded by Keefe Bruyette & Woods.

More news for Popular Inc (NASDAQ:BPOP) were recently published by: Nasdaq.com, which released: “Popular, Inc. (BPOP) Ex-Dividend Date Scheduled for September 13, 2017” on September 12, 2017. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Popular, Newmont Mining and Goldcorp” and published on September 11, 2017 is yet another important article.

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