Franklin Resources Inc. increased its stake in Popular by 304.3% in Q3, owning 99,861 shares valued at $10.04 million. Other institutional investors, including Tidal Investments LLC and Barclays PLC, also acquired stakes, with 87.27% of the stock held by such entities. Popular's stock has a "Moderate Buy" rating, with a consensus target price of $106.00, despite a recent earnings miss.
Franklin Resources Inc. significantly increased its stake in Popular, Inc. by 304.3% in Q3, now holding 99,861 shares valued at $10.04 million. Other institutional investors, including Tidal Investments LLC and Barclays PLC, also acquired stakes, with hedge funds owning 87.27% of the stock. Popular's stock has a "Moderate Buy" rating, with analysts setting an average target price of $106.00, despite a recent earnings miss.
Popular, Inc. is a financial holding company operating through two main segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). BPPR offers a range of banking services in Puerto Rico, while BPNA, which includes Popular Community Bank, serves customers in New York, Florida, and New Jersey. The company also provides specialized services such as leasing, investment banking, and insurance through its subsidiaries.
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