Barclays Gives Popular Inc (NASDAQ:BPOP) a Higher Rating. Raises its Equal-Weight Rating – BZ Weekly


October 29, 2017 – By Max Morgan

  Barclays Gives Popular Inc (NASDAQ:BPOP) a Higher Rating. Raises its Equal Weight Rating

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.18, from 0.93 in 2017Q1. It dropped, as 27 investors sold Popular Inc shares while 83 reduced holdings. 25 funds opened positions while 58 raised stakes. 84.07 million shares or 1.49% less from 85.34 million shares in 2017Q1 were reported.

Invesco reported 153,187 shares. Suntrust Banks owns 17,413 shares. Los Angeles Capital Mngmt & Equity stated it has 0.08% of its portfolio in Popular Inc (NASDAQ:BPOP). 246,633 were reported by First Quadrant Limited Partnership Ca. Thomas J Herzfeld Advisors holds 0.57% of its portfolio in Popular Inc (NASDAQ:BPOP) for 31,400 shares. Grantham Mayo Van Otterloo And Communication Limited Liability Corp, Massachusetts-based fund reported 8,000 shares. Hancock has invested 0.06% in Popular Inc (NASDAQ:BPOP). Nordea Invest Ab holds 78,500 shares. Brandywine Glob Invest Management Limited Liability Company reported 2.05M shares. Highbridge Cap Llc stated it has 0.02% in Popular Inc (NASDAQ:BPOP). Boston Advisors Ltd Liability Corporation reported 145,225 shares. Minneapolis Management Grp Lc reported 475,031 shares or 3.21% of all its holdings. Deutsche Natl Bank Ag owns 35,993 shares or 0% of their US portfolio. Proshare Advisors Limited Liability Company invested 0.01% of its portfolio in Popular Inc (NASDAQ:BPOP). Moreover, Clinton Gru Inc has 0.15% invested in Popular Inc (NASDAQ:BPOP) for 34,401 shares.

Since May 1, 2017, it had 0 insider buys, and 3 insider sales for $336,792 activity. The insider BALLESTER ALEJANDRO M sold $126,450. $99,945 worth of Popular Inc (NASDAQ:BPOP) was sold by NEGRON EDUARDO J.. The insider SEPULVEDA ELI sold $84,247. NESTOR O. RIVERA had sold 11,312 shares worth $469,674 on Tuesday, May 2. 4,000 shares valued at $152,600 were sold by Garcia Jorge J. on Wednesday, May 17.

Popular Inc (NASDAQ:BPOP) Stock Upgrade

It will be interesting to watch today’s trading of shares of Popular Inc (NASDAQ:BPOP) as Barclays increased the stock from a Equal-Weight to a respectable Overweight.

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.18, from 0.93 in 2017Q1. It dropped, as 27 investors sold Popular Inc shares while 83 reduced holdings. 25 funds opened positions while 58 raised stakes. 84.07 million shares or 1.49% less from 85.34 million shares in 2017Q1 were reported.

Invesco reported 153,187 shares. Suntrust Banks owns 17,413 shares. Los Angeles Capital Mngmt & Equity stated it has 0.08% of its portfolio in Popular Inc (NASDAQ:BPOP). 246,633 were reported by First Quadrant Limited Partnership Ca. Thomas J Herzfeld Advisors holds 0.57% of its portfolio in Popular Inc (NASDAQ:BPOP) for 31,400 shares. Grantham Mayo Van Otterloo And Communication Limited Liability Corp, Massachusetts-based fund reported 8,000 shares. Hancock has invested 0.06% in Popular Inc (NASDAQ:BPOP). Nordea Invest Ab holds 78,500 shares. Brandywine Glob Invest Management Limited Liability Company reported 2.05M shares. Highbridge Cap Llc stated it has 0.02% in Popular Inc (NASDAQ:BPOP). Boston Advisors Ltd Liability Corporation reported 145,225 shares. Minneapolis Management Grp Lc reported 475,031 shares or 3.21% of all its holdings. Deutsche Natl Bank Ag owns 35,993 shares or 0% of their US portfolio. Proshare Advisors Limited Liability Company invested 0.01% of its portfolio in Popular Inc (NASDAQ:BPOP). Moreover, Clinton Gru Inc has 0.15% invested in Popular Inc (NASDAQ:BPOP) for 34,401 shares.

Since May 1, 2017, it had 0 insider buys, and 3 insider sales for $336,792 activity. The insider BALLESTER ALEJANDRO M sold $126,450. $99,945 worth of Popular Inc (NASDAQ:BPOP) was sold by NEGRON EDUARDO J.. The insider SEPULVEDA ELI sold $84,247. NESTOR O. RIVERA had sold 11,312 shares worth $469,674 on Tuesday, May 2. 4,000 shares valued at $152,600 were sold by Garcia Jorge J. on Wednesday, May 17.

Popular Inc (NASDAQ:BPOP) Ratings Coverage

Among 14 analysts covering Popular Inc (NASDAQ:BPOP), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Popular Inc has $70.0 highest and $32 lowest target. $45.70’s average target is 31.97% above currents $34.63 stock price. Popular Inc had 26 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was upgraded by HSBC to “Buy” on Tuesday, January 12. The rating was upgraded by Zacks to “Sell” on Monday, August 24. Jefferies downgraded the stock to “Hold” rating in Monday, February 6 report. The rating was downgraded by Keefe Bruyette & Woods to “Underperform” on Monday, February 6. Merion Capital initiated it with “Outperform” rating and $34 target in Friday, February 26 report. The rating was maintained by RBC Capital Markets on Wednesday, June 28 with “Buy”. The rating was upgraded by Guggenheim to “Buy” on Monday, July 27. The stock has “Neutral” rating by BTIG Research on Tuesday, November 22. The company was initiated on Friday, April 8 by Piper Jaffray. The stock of Popular Inc (NASDAQ:BPOP) has “Neutral” rating given on Friday, November 18 by Compass Point.

The stock decreased 3.16% or $1.13 on October 27, reaching $34.63. About 1.60M shares traded or 3.23% up from the average. Popular Inc (NASDAQ:BPOP) has risen 26.79% since October 29, 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 $3.53 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 15.65 P/E ratio. The Firm has activities in Puerto Rico, the United States and the Caribbean.

More news for Popular Inc (NASDAQ:BPOP) were recently published by: Streetinsider.com, which released: “Barclays Upgrades Popular, Inc. (BPOP) to Overweight” on October 26, 2017. Businesswire.com‘s article titled: “Popular, Inc. to Report Third Quarter Results and Hold Conference Call on …” and published on October 18, 2017 is yet another important article.

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