Popular, Inc. (BPOP) Is At $45.21 Formed Wedge; CIE FINANCIERE RICHEMONT AG ZUG ORDINARY (CFRHF) Sellers Increased By 11.89% Their Shorts

July 1, 2018 - By Danny Collins

Popular, Inc. (NASDAQ:BPOP) Logo

Popular, Inc. (BPOP) formed wedge up with $48.37 target or 7.00% above today’s $45.21 share price. Popular, Inc. (BPOP) has $4.62B valuation. The stock decreased 0.46% or $0.21 during the last trading session, reaching $45.21. About 406,441 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 22.58% since July 1, 2017 and is uptrending. It has outperformed by 10.01% the S&P500. Some Historical BPOP News: 26/04/2018 – S&PGR Affirms Ratings on FirstBank Puerto Rico, OFG Bancorp, Popular Inc; 08/05/2018 – Popular, Inc. Declares a Cash Dividend of $0.25 per Common Share; 24/04/2018 – POPULAR INC QUARTERLY NET INTEREST INCOME $393.0 MLN VS $362.1 MLN; 23/05/2018 – POPULAR INC BPOP.O – POPULAR EXPECTED TO RECORD PRE-TAX GAIN OF APPROXIMATELY $95 MLN; 23/05/2018 – Popular Announces Early Termination of FDIC Shared-Loss Agreements; 04/04/2018 Argentina’s Prisma piques Evertec’s interest; 23/05/2018 – POPULAR REPORTS EARLY TERMINATION OF FDIC SHARED-LOSS PACTS; 19/04/2018 – Popular Announces Appointment of Betina Castellví as Chief Security Officer; 25/04/2018 – POPULAR INC BPOP.O : KBW RAISES TARGET PRICE TO $51 FROM $49; 23/05/2018 – POPULAR INC -AGREEMENT TO TERMINATE ALL SHARED-LOSS AGREEMENTS RELATED TO ACQUISITION OF ASSETS, ASSUMPTION OF CERTAIN LIABILITIES OF WESTERNBANK PUERTO RICO

CIE FINANCIERE RICHEMONT AG ZUG ORDINARY (OTCMKTS:CFRHF) had an increase of 11.89% in short interest. CFRHF’s SI was 766,000 shares in July as released by FINRA. Its up 11.89% from 684,600 shares previously. With 1,800 avg volume, 426 days are for CIE FINANCIERE RICHEMONT AG ZUG ORDINARY (OTCMKTS:CFRHF)’s short sellers to cover CFRHF’s short positions. The SI to CIE FINANCIERE RICHEMONT AG ZUG ORDINARY’s float is 0.15%. The stock increased 2.98% or $2.45 during the last trading session, reaching $84.75. About 277 shares traded. Compagnie Financière Richemont SA (OTCMKTS:CFRHF) has 0.00% since July 1, 2017 and is . It has underperformed by 12.57% the S&P500.

Compagnie Financière Richemont SA engages in the luxury goods business in Europe, the Middle East and Africa, Asia, and the Americas. The company has market cap of $48.47 billion. It operates through Jewellery Maisons, Specialist Watchmakers, and Other divisions. It has a 33.56 P/E ratio. The firm designs, makes, and distributes jewelry products; and precision timepieces, watches, writing instruments, and accessories, as well as clothing and leather goods.

Among 7 analysts covering Popular (NASDAQ:BPOP), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Popular has $5300 highest and $42 lowest target. $50.64’s average target is 12.01% above currents $45.21 stock price. Popular had 17 analyst reports since January 24, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, April 25 report. The firm has “Buy” rating given on Tuesday, January 23 by Piper Jaffray. Barclays Capital maintained Popular, Inc. (NASDAQ:BPOP) rating on Wednesday, January 24. Barclays Capital has “Overweight” rating and $49 target. The rating was maintained by BTIG Research on Tuesday, January 23 with “Buy”. Piper Jaffray maintained it with “Buy” rating and $51.5 target in Tuesday, February 27 report. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, April 25. The company was maintained on Tuesday, April 24 by BTIG Research. Piper Jaffray maintained the shares of BPOP in report on Thursday, February 15 with “Buy” rating. Sandler O’Neill maintained the stock with “Buy” rating in Thursday, February 15 report. The firm has “Buy” rating by Citigroup given on Wednesday, January 24.

Analysts await Popular, Inc. (NASDAQ:BPOP) to report earnings on July, 25. They expect $0.97 earnings per share, up 3.19% or $0.03 from last year’s $0.94 per share. BPOP’s profit will be $99.21M for 11.65 P/E if the $0.97 EPS becomes a reality. After $0.89 actual earnings per share reported by Popular, Inc. for the previous quarter, Wall Street now forecasts 8.99% EPS growth.

Investors sentiment increased to 1.33 in 2018 Q1. Its up 0.43, from 0.9 in 2017Q4. It increased, as 16 investors sold Popular, Inc. shares while 63 reduced holdings. 42 funds opened positions while 63 raised stakes. 88.12 million shares or 2.82% more from 85.70 million shares in 2017Q4 were reported. Cipher Capital L P has 41,900 shares. Penbrook Management Lc holds 1.16% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 27,830 shares. Basswood Mgmt Ltd Llc holds 0.1% or 53,325 shares. Blackrock has 4.85 million shares. Thompson Siegel & Walmsley Ltd Liability Co owns 527,945 shares or 0.27% of their US portfolio. Captrust Financial Advsrs reported 436 shares. Bogle Invest Mngmt L P De owns 7,200 shares. Nordea Invest holds 0.02% or 170,186 shares. Denali Advsrs Limited Liability holds 48,700 shares or 0.33% of its portfolio. Proshare Advsr Limited Liability has invested 0% in Popular, Inc. (NASDAQ:BPOP). Kennedy Capital Mngmt Inc has invested 0.03% in Popular, Inc. (NASDAQ:BPOP). Morgan Stanley holds 0% or 318,150 shares. Rafferty Asset Mngmt Ltd Com invested 0.02% in Popular, Inc. (NASDAQ:BPOP). Voya Mngmt Ltd Liability stated it has 0% in Popular, Inc. (NASDAQ:BPOP). Hanson & Doremus Investment Mngmt reported 5,040 shares.

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