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81,200 Shares in Popular, Inc. $BPOP Acquired by Jupiter Asset Management Ltd.
Jupiter Asset Management Ltd. recently acquired 81,200 shares of Popular, Inc. (NASDAQ: BPOP), valued at approximately $10.31 million, establishing a new stake in the company during the third quarter. Despite significant insider selling by directors, institutional investors maintain a strong ownership of about 87.27% of Popular’s stock. The bank successfully beat its latest quarterly earnings estimates, and analysts generally hold a “Buy” rating with a consensus target price of $155.73 for BPOP.