Oxbow Advisors Lowers stake in Popular Inc (BPOP)

Popular Inc (BPOP) : Oxbow Advisors reduced its stake in Popular Inc by 1.94% during the most recent quarter end. The investment management company now holds a total of 194,810 shares of Popular Inc which is valued at $6,652,762 after selling 3,850 shares in Popular Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Popular Inc makes up approximately 0.93% of Oxbow Advisors’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp reduced its stake in BPOP by selling 1,856 shares or 32.1% in the most recent quarter. The Hedge Fund company now holds 3,926 shares of BPOP which is valued at $134,073. Popular Inc makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.Meeder Asset Management Inc reduced its stake in BPOP by selling 66,444 shares or 67.97% in the most recent quarter. The Hedge Fund company now holds 31,307 shares of BPOP which is valued at $979,283. Popular Inc makes up approx 0.09% of Meeder Asset Management Inc’s portfolio.

Popular Inc opened for trading at $36.37 and hit $36.95 on the upside on Monday, eventually ending the session at $36.93, with a gain of 1.26% or 0.46 points. The heightened volatility saw the trading volume jump to 7,81,015 shares. Company has a market cap of $3,830 M.

On the company’s financial health, Popular Inc reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.82.Analysts expectations of $ 489.00.During the same quarter in the previous year, the company posted $5.79 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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