<div id="readability-page-1"><p>JPMorgan Chase &amp; Co. decreased its position in shares of  Popular, Inc. (NASDAQ:BPOP - Free Report) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 172,225 shares of the bank's stock after selling 53,314 shares during the quarter. JPMorgan Chase &amp; Co. owned approximately 0.25% of Popular worth $18,981,000 at the end of the most recent reporting period.</p><ul><li>Trending Stocks: How to Spot, Trade, and Profit Safely</li></ul><p>A number of other institutional investors and hedge funds have also bought and sold shares of BPOP. Steph &amp; Co. acquired a new stake in shares of  Popular during the second quarter valued at about $39,000.  Allworth Financial LP increased its stake in shares of  Popular by 2,158.8% in the second quarter. Allworth Financial LP now owns 384 shares of the bank's stock valued at $42,000 after buying an additional 367 shares during the period.  Farther Finance Advisors LLC raised its holdings in  Popular by 112.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 418 shares of the bank's stock valued at $46,000 after buying an additional 221 shares during the last quarter.  BI Asset Management Fondsmaeglerselskab A S bought a new position in  Popular in the 1st quarter valued at approximately $47,000.  Finally, IFP Advisors Inc boosted its position in  Popular by 3,925.0% during the 2nd quarter. IFP Advisors Inc now owns 483 shares of the bank's stock worth $53,000 after buying an additional 471 shares during the period. Institutional investors and hedge funds own  87.27% of the company's stock. </p><h2>Insider Activity</h2><p>In other Popular news, Director Richard L. Carrion sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $113.50, for a total value of $2,837,500.00. Following the completion of the sale, the director owned 193,020 shares of the company's stock, valued at approximately $21,907,770. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Adorno Denissa Rodriguez sold 1,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $114.84, for a total value of $114,840.00. Following the completion of the transaction, the vice president owned 2,604 shares in the company, valued at approximately $299,043.36. This represents a 27.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own  2.09% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Growth vs. Value Investing: What Are the Differences?</li></ul><p>BPOP has been the subject of several recent research reports. Hovde Group  restated an &#34;outperform&#34; rating on shares of Popular in a research report on Friday, August 29th. Wells Fargo &amp; Company reduced their price objective on shares of Popular from $150.00 to $135.00 and set an &#34;overweight&#34; rating on the stock in a research note on Friday, October 24th. Zacks Research upgraded Popular from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Tuesday, November 11th. Truist Financial started coverage on Popular in a research report on Thursday, October 9th. They set a &#34;buy&#34; rating and a $153.00 target price for the company. Finally, Weiss Ratings  reiterated a &#34;buy (b)&#34; rating on shares of Popular in a research report on Wednesday, October 8th. One research analyst  has rated the stock with a Strong Buy rating, nine have issued  a Buy rating and one  has issued  a Hold rating to the stock. Based on data from MarketBeat.com, Popular  has an average rating of &#34;Buy&#34; and an average target price of $133.56.</p><p><b>Read Our Latest Stock Analysis on BPOP</b></p><h2>Popular Stock Down 0.7%</h2><ul><li>How to make money with penny stocks </li></ul><p>NASDAQ:BPOP opened at $116.29 on Friday. Popular, Inc. has a twelve month low of $78.23 and a twelve month high of $129.32. The company has a fifty day moving average of $116.81 and a 200-day moving average of $115.50. The firm has a market capitalization of $7.75 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.52 and a beta of 0.67. </p><p>Popular (NASDAQ:BPOP - Get Free Report) last issued its earnings results on Thursday, October 23rd. The bank reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.10. Popular had a net margin of 17.63% and a return on equity of 13.27%. The business had revenue of $720.83 million for the quarter, compared to analyst estimates of $803.95 million. During the same period in the prior year, the firm earned $2.16 earnings per share. Popular's revenue was down 1.3% on a year-over-year basis.  On average, analysts anticipate that  Popular, Inc. will post 10.06 EPS for the current fiscal year. </p><h2>Popular Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 5th will be paid a $0.75 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.00 annualized dividend and a dividend yield of 2.6%. Popular's dividend payout ratio (DPR) is currently 26.55%. </p><h2>Popular Company Profile</h2> (Free Report)<p>Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and the British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.</p><h2>See Also</h2><ul><li>Five stocks we like better than Popular</li><li>Investing in Travel Stocks Benefits</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>3 Defense Stocks Set to Benefit From Increased Military Spending</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li><li>5 discounted opportunities for dividend growth investors</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QlBPUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QlBPUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Popular Right Now?</h2><p>Before you consider Popular, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Popular wasn't on the list.</p><p>While Popular currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BPOP

<p>JPMorgan Chase & Co. reduced its stake in Popular, Inc. by 23.6% in Q2, selling 53,314 shares. The bank's stock is rated "Buy" with an average target price of $133.56. Popular's stock opened at $116.29, with a market cap of $7.75 billion. Recent insider sales include Director Richard L. Carrion and VP Adorno Denissa Rodriguez. Popular reported Q3 earnings of $3.14 per share, exceeding estimates.</p>

JPMorgan Chase & Co. Sells 53,314 Shares of Popular, Inc. $BPOP