Raffles Associates LP Increased Its Stake in Popular INC (BPOP)

May 3, 2018 - By Gregory Tomko

Popular, Inc. (NASDAQ:BPOP) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.9. That’s change of 0.68, from 2017Q3’s 1.58. 42 investors sold all, 65 reduced holdings as BPOP ratio fall. 60 rose holdings while 36 funds bought holdings. Funds hold 85.70 million shares thus 3.71% less from 2017Q3’s 89.00 million shares. Voya Mngmt Ltd Limited Liability Company holds 0% or 27,131 shs in its capital. Geode Capital Mgmt Ltd Liability Corporation has invested 0.01% in Popular, Inc. (NASDAQ:BPOP). Philadelphia Financial Mngmt Of San Francisco Llc owns 883,268 shs for 4.63% of their capital. 50,328 are owned by Hbk Invests L P. Great Lakes Advsrs Ltd owns 108,146 shs. Moore Capital Management LP stated it has 826,649 shs. Atlantic Trust Gp Llc owns 90 shs or 0% of their US capital. Goldman Sachs Gp stated it has 655,617 shs or 0.01% of all its holdings. Great West Life Assurance Can reported 11,367 shs. Ahl Prns Llp has invested 0.01% in Popular, Inc. (NASDAQ:BPOP). Stifel Corp accumulated 51,661 shs. Kennedy Capital Mngmt Incorporated reported 0.03% stake. Alyeska Inv Group Inc Limited Partnership has 645,912 shs. Brandes Inv Prtnrs Lp holds 0.17% of its capital in Popular, Inc. (NASDAQ:BPOP) for 233,079 shs. Diamond Hill Mngmt has 0.78% invested in Popular, Inc. (NASDAQ:BPOP) for 4.40M shs.

Based on the latest 2017Q4 regulatory filing with the SEC, Raffles Associates Lp upped its stake in Popular Inc (BPOP) by 39.92%. The company’s stock popped up 12.78% while Raffles Associates Lp bought 95,800 shares. The finance company at the end of 2017Q4 was priced at $11.92 million. It’s up from 240,000 at the end of the previous reported quarter. Now it had 335,800 shares held by the hedge fund . For a total of shares it reduced its holding in by shares in the quarter, and has cut its stake in .

Popular, Inc. (NASDAQ:BPOP) Ratings Coverage

In total 8 analysts cover Popular Inc (NASDAQ:BPOP). “Buy” rating has 7, “Sell” are 0, while 1 are “Hold”. (NASDAQ:BPOP) has 88% bullish analysts. With $5300 highest and $41 lowest target, Popular Inc has $50.64 average target or 9.68% above the current ($46.17) price. 21 are the (NASDAQ:BPOP)’s ratings reports on 3 May 2018 according to StockzIntelligence Inc. In Tuesday, November 28 report Keefe Bruyette & Woods upgraded the stock to “Buy” rating. On Tuesday, January 23 Piper Jaffray maintained Popular, Inc. (NASDAQ:BPOP) rating. Piper Jaffray has “Buy” rating and $50.5 target. On Tuesday, November 28 Wood upgraded Popular, Inc. (NASDAQ:BPOP) to “Outperform” rating. On Thursday, December 21 the firm earned “Buy” rating by Citigroup. The company rating was maintained by BTIG Research on Wednesday, February 14. On Tuesday, April 24 Piper Jaffray maintained the shares of BPOP in report with “Buy” rating. On Tuesday, January 23 the firm earned “Buy” rating by Sandler O’Neill. On Wednesday, January 24 the company was maintained by Citigroup. On Wednesday, April 25 the rating was maintained by Barclays Capital with “Overweight”. On Thursday, February 15 the stock of Popular, Inc. (NASDAQ:BPOP) earned “Buy” rating by Sandler O’Neill.

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

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