Popular Inc (BPOP) Files Form 4 Insider Selling : Jorge J. Garcia Sells 3,500 Shares

Popular Inc (BPOP): Jorge J. Garcia , Senior VP & Comptroller of Popular Inc sold 3,500 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $31.40 per share for a total value of $109,900.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Juan Guerrero (Executive Vice President) sold 3,962 shares at $30.92 per share price.On May 25, 2016, Jorge J. Garcia (Senior VP & Comptroller) sold 3,500 shares at $31.40 per share price.Also, On May 13, 2016, Gilberto Monzon (EXECUTIVE VICE PRESIDENT) sold 4,000 shares at $29.62 per share price.On Nov 6, 2015, Maria Luisa Ferre (director) sold 296,164 shares at $29.39 per share price.

Popular Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Popular Inc which led to swings in the share price. The shares opened for trading at $30.2 and hit $30.86 on the upside , eventually ending the session at $30.63, with a gain of 1.79% or 0.54 points. The heightened volatility saw the trading volume jump to 5,40,753 shares. The 52-week high of the share price is $34.95 and the company has a market cap of $3,176 M . The 52-week low of the share price is at $22.4.

Popular Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Popular Inc is Reiterated by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $32 .The Rating was issued on Apr 28, 2016.Popular Inc is Initiated by Piper Jaffray to Overweight and the brokerage firm has set the Price Target at $35. The Rating was issued on Apr 8, 2016.Popular Inc is Downgraded by Societe Generale to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 3, 2016.

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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