Brandywine Global Investment Management Lowers stake in Popular Inc (BPOP)

Popular Inc (BPOP) : Brandywine Global Investment Management reduced its stake in Popular Inc by 2.45% during the most recent quarter end. The investment management company now holds a total of 2,422,928 shares of Popular Inc which is valued at $99,679,258 after selling 60,782 shares in Popular Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Popular Inc makes up approximately 0.62% of Brandywine Global Investment Management’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp boosted its stake in BPOP in the latest quarter, The investment management firm added 3,107 additional shares and now holds a total of 231,914 shares of Popular Inc which is valued at $9,540,942. Popular Inc makes up approx 0.04% of Two Sigma Advisers Lp’s portfolio. State Of Tennessee Treasury Department added BPOP to its portfolio by purchasing 105,392 company shares during the most recent quarter which is valued at $3,989,087. Popular Inc makes up approx 0.02% of State Of Tennessee Treasury Department’s portfolio. Blue Rock Advisors added BPOP to its portfolio by purchasing 17,027 company shares during the most recent quarter which is valued at $631,531. Popular Inc makes up approx 1.40% of Blue Rock Advisors’s portfolio.

Popular Inc closed down -0.16 points or -0.38% at $41.72 with 6,66,496 shares getting traded on Monday. Post opening the session at $41.52, the shares hit an intraday low of $41.1522 and an intraday high of $41.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Popular Inc reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.44 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $0.88.Analysts expectations of $ 489.31.During the same quarter in the previous year, the company posted $0.82 EPS.

Popular Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Company’s BPPR segment provides retail including residential mortgage loans originations and commercial banking services through its banking subsidiary Banco Popular de Puerto Rico as well as auto and equipment leasing and financing investment banking broker-dealer and insurance services through specialized subsidiaries. The Company’s BPNA segment consists of Popular North America Inc. (PNA) functioning as the holding company for the Company’s operations in the United States. The banking operations of BPNA in the United States mainland are based in New York Florida and New Jersey conducted under the name of Popular Community Bank.

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