Could Popular, Inc. (BPOP) Decline After Today’s Big Increase?

February 15, 2018 - By Ellis Scott

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.83, from 0.75 in 2017Q2. It improved, as 22 investors sold Popular, Inc. shares while 56 reduced holdings. 42 funds opened positions while 81 raised stakes. 89.00 million shares or 5.87% more from 84.07 million shares in 2017Q2 were reported.
6,816 were accumulated by Qs Invsts. Prelude Cap Management Lc invested 0.01% in Popular, Inc. (NASDAQ:BPOP). Tower Research Ltd Com (Trc) stated it has 960 shares. Carlson Cap Ltd Partnership has 145,684 shares for 0.09% of their portfolio. Quantbot Tech L P accumulated 0% or 772 shares. Ngam Limited Partnership holds 0.03% or 74,432 shares. Peak6 L P owns 60,721 shares for 0.01% of their portfolio. State Of Wisconsin Invest Board holds 0% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 20,489 shares. Citigroup owns 0% invested in Popular, Inc. (NASDAQ:BPOP) for 82,191 shares. State Common Retirement Fund has invested 0.02% in Popular, Inc. (NASDAQ:BPOP). 57,459 are owned by Alliancebernstein Ltd Partnership. Federated Investors Inc Pa reported 305,776 shares. Livforsakringsbolaget Skandia Omsesidigt reported 0.28% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Credit Agricole S A invested 0.01% in Popular, Inc. (NASDAQ:BPOP). Brandywine Glob Ltd Llc has invested 0.43% in Popular, Inc. (NASDAQ:BPOP).

The stock of Popular, Inc. (NASDAQ:BPOP) is a huge mover today! The stock increased 5.29% or $2.18 during the last trading session, reaching $43.38. About 1.36M shares traded or 39.56% up from the average. Popular, Inc. (NASDAQ:BPOP) has risen 26.79% since February 15, 2017 and is uptrending. It has outperformed by 10.09% the S&P500.
The move comes after 7 months positive chart setup for the $4.43 billion company. It was reported on Feb, 15 by Barchart.com. We have $47.28 PT which if reached, will make NASDAQ:BPOP worth $398.52 million more.

Popular, Inc. (NASDAQ:BPOP) Ratings Coverage

Among 17 analysts covering Popular Inc (NASDAQ:BPOP), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Popular Inc had 42 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was downgraded by BTIG Research on Tuesday, November 22 to “Neutral”. The firm earned “Overweight” rating on Friday, April 8 by Piper Jaffray. The stock of Popular, Inc. (NASDAQ:BPOP) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, December 13. The firm earned “Equal-Weight” rating on Friday, January 26 by Morgan Stanley. The company was upgraded on Monday, August 24 by Zacks. Compass Point downgraded Popular, Inc. (NASDAQ:BPOP) on Friday, November 18 to “Neutral” rating. Citigroup initiated the shares of BPOP in report on Thursday, December 21 with “Buy” rating. The stock of Popular, Inc. (NASDAQ:BPOP) earned “Buy” rating by Piper Jaffray on Tuesday, January 23. The stock of Popular, Inc. (NASDAQ:BPOP) earned “Buy” rating by Compass Point on Thursday, February 25. The stock has “Buy” rating by Goldman Sachs on Monday, July 27.

More notable recent Popular, Inc. (NASDAQ:BPOP) news were published by: Streetinsider.com which released: “Form 5 POPULAR INC For: Dec 31 Filed by: CHINEA MANUEL” on February 15, 2018, also Reuters.com with their article: “Deals of the day-Mergers and acquisitions” published on February 15, 2018, Seekingalpha.com published: “Popular shows post-hurricane resilience; shares up nearly 7%” on January 23, 2018. More interesting news about Popular, Inc. (NASDAQ:BPOP) were released by: Businesswire.com and their article: “Popular, Inc. Announces Fourth Quarter Financial Results” published on January 23, 2018 as well as Reuters.com‘s news article titled: “Popular Inc to buy Wells Fargo’s Puerto Rico auto finance business for $1.7 …” with publication date: February 14, 2018.

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking services and products primarily to institutional and retail customers. The company has market cap of $4.43 billion. The firm accepts various deposit products. It has a 42.53 P/E ratio. It also offers commercial and industrial loans; commercial real estate loans; construction loans; lease financing comprising automobile loans/leases; residential mortgage loans; and consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers.

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