Popular (BPOP) Shareholder Jacobs Asset Management Has Trimmed Stake; Tributary Capital Management Has Raised Holding in Anixter Intl (AXE) by $1.24 Million as Share Price Declined

June 14, 2018 - By William Brooks

Popular, Inc. (NASDAQ:BPOP) Logo

Tributary Capital Management Llc increased its stake in Anixter Intl Inc (AXE) by 7.62% based on its latest 2018Q1 regulatory filing with the SEC. Tributary Capital Management Llc bought 16,581 shares as the company’s stock declined 22.71% with the market. The institutional investor held 234,241 shares of the telecommunications equipment company at the end of 2018Q1, valued at $17.74M, up from 217,660 at the end of the previous reported quarter. Tributary Capital Management Llc who had been investing in Anixter Intl Inc for a number of months, seems to be bullish on the $2.19B market cap company. The stock increased 1.08% or $0.7 during the last trading session, reaching $65.6. About 19,834 shares traded. Anixter International Inc. (NYSE:AXE) has declined 20.29% since June 14, 2017 and is downtrending. It has underperformed by 32.86% the S&P500. Some Historical AXE News: 26/04/2018 – Anixter Closes Below 200-Day Moving Average: Technicals; 22/03/2018 Anixter Moves Flagship European Distribution Center to Lichfield, U.K; 26/04/2018 – Anixter International Expects Acquisitions Close Before 2Q-End, Add to Earnings in First Full Year of Operation; 26/04/2018 – Anixter International 1Q EPS 94c; 26/04/2018 – ANIXTER INTERNATIONAL INC – ENTERED INTO DEFINITIVE AGREEMENTS TO ACQUIRE SECURITY BUSINESSES IN AUSTRALIA AND NEW ZEALAND FOR $151 MLN

Jacobs Asset Management Llc decreased its stake in Popular Inc (BPOP) by 10.18% based on its latest 2018Q1 regulatory filing with the SEC. Jacobs Asset Management Llc sold 55,305 shares as the company’s stock rose 8.86% while stock markets declined. The institutional investor held 488,055 shares of the finance company at the end of 2018Q1, valued at $20.31M, down from 543,360 at the end of the previous reported quarter. Jacobs Asset Management Llc who had been investing in Popular Inc for a number of months, seems to be less bullish one the $4.76B market cap company. The stock decreased 0.77% or $0.36 during the last trading session, reaching $46.53. About 171,057 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 22.58% since June 14, 2017 and is uptrending. It has outperformed by 10.01% the S&P500. Some Historical BPOP News: 24/04/2018 – Popular 1Q Net Interest Income $393; 04/04/2018 Argentina’s Prisma piques Evertec’s interest; 09/04/2018 – Popular Community Bank Changes Name to Popular; 25/05/2018 – POPULAR INC BPOP.O : COMPASS POINT RAISES TARGET PRICE TO $56 FROM $55; 24/04/2018 – POPULAR INC QUARTERLY NET INTEREST INCOME $393.0 MLN VS $362.1 MLN; 23/05/2018 – POPULAR REPORTS EARLY TERMINATION OF FDIC SHARED-LOSS PACTS; 23/05/2018 – POPULAR INC BPOP.O – POPULAR EXPECTED TO RECORD PRE-TAX GAIN OF APPROXIMATELY $95 MLN; 08/05/2018 – Popular, Inc. Declares a Cash Dividend of $0.25 per Common Share; 19/04/2018 – Popular Announces Appointment of Betina Castellví as Chief Security Officer; 24/04/2018 – POPULAR 1Q EPS CONT OPS 89C, EST. 78C

More notable recent Popular, Inc. (NASDAQ:BPOP) news were published by: Businesswire.com which released: “Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities” on June 05, 2018, also Investorplace.com with their article: “5 Top-Ranked Bank Stocks to Profit From Fed’s Rate Hike” published on June 14, 2018, Streetinsider.com published: “Raising PT’s On BPOP, FBP and OFG On Economic Stability And Hints At Debt Settlement – Piper Jaffray” on May 21, 2018. More interesting news about Popular, Inc. (NASDAQ:BPOP) were released by: Streetinsider.com and their article: “Popular (BPOP) to Acquire Wells Fargo’s (WFC) Auto Finance Business in Puerto Rico” published on June 04, 2018 as well as Streetinsider.com‘s news article titled: “Piper Jaffray Raises Popular (BPOP) PT To $60 On LSA Termination” with publication date: May 29, 2018.

Among 17 analysts covering Popular Inc (NASDAQ:BPOP), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Popular Inc had 51 analyst reports since July 27, 2015 according to SRatingsIntel. Merion Capital initiated Popular, Inc. (NASDAQ:BPOP) on Friday, February 26 with “Outperform” rating. The company was initiated on Thursday, June 23 by Barclays Capital. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 5 report. Sandler O’Neill maintained it with “Buy” rating and $48.0 target in Thursday, February 15 report. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, November 28. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, April 30. The rating was initiated by Piper Jaffray on Friday, April 8 with “Overweight”. The company was downgraded on Tuesday, November 22 by BTIG Research. The company was maintained on Thursday, April 28 by Compass Point. The stock of Popular, Inc. (NASDAQ:BPOP) has “Underperform” rating given on Wednesday, September 23 by Bank of America.

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 11.99 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 Q1 2018. Its up 0.43, from 0.9 in 2017Q4. It improved, as 16 investors sold BPOP 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 Cap Limited Partnership owns 41,900 shares. Engineers Gate Manager LP reported 0.33% stake. Oxbow Advsrs Limited Liability Corporation, Texas-based fund reported 117,392 shares. Cadence Capital Mgmt Limited holds 23,826 shares. Investec Asset Mgmt North America holds 545,282 shares or 1.73% of its portfolio. Stone Ridge Asset Limited Co accumulated 26,253 shares or 0.06% of the stock. Jefferies Grp Incorporated Llc has invested 0% in Popular, Inc. (NASDAQ:BPOP). Monarch Prns Asset Limited Liability holds 0.71% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 185,240 shares. 100 are owned by Numerixs Investment Techs. Jpmorgan Chase Company holds 0.01% or 949,183 shares. Bogle Invest Lp De has invested 0.02% in Popular, Inc. (NASDAQ:BPOP). First Tru Advsr Ltd Partnership has invested 0.08% of its portfolio in Popular, Inc. (NASDAQ:BPOP). 159,100 were reported by Riverhead Cap Limited Liability Com. Element Cap Mngmt Ltd Liability holds 0.01% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 9,371 shares. Tcw Grp Inc reported 0.04% in Popular, Inc. (NASDAQ:BPOP).

Jacobs Asset Management Llc, which manages about $1.11B and $539.80 million US Long portfolio, upped its stake in Home Bancshares Inc (NASDAQ:HOMB) by 56,900 shares to 295,415 shares, valued at $6.74M in 2018Q1, according to the filing. It also increased its holding in Home Bancorp Inc (NASDAQ:HBCP) by 38,000 shares in the quarter, for a total of 272,219 shares, and has risen its stake in Ladder Cap Corp (NYSE:LADR).

Tributary Capital Management Llc, which manages about $1.03 billion and $1.20B US Long portfolio, decreased its stake in Cavium Inc (NASDAQ:CAVM) by 5,980 shares to 18,520 shares, valued at $1.47 million in 2018Q1, according to the filing. It also reduced its holding in Fleetcor Technologies Inc Com (NYSE:FLT) by 1,600 shares in the quarter, leaving it with 13,640 shares, and cut its stake in First Data Corp.

Among 6 analysts covering Anixter (NYSE:AXE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Anixter had 18 analyst reports since July 30, 2015 according to SRatingsIntel. As per Wednesday, July 27, the company rating was maintained by Imperial Capital. The firm earned “In-Line” rating on Thursday, February 2 by Imperial Capital. The rating was maintained by Imperial Capital on Friday, February 19 with “In-Line”. The firm has “Neutral” rating given on Friday, December 2 by Longbow. As per Tuesday, October 3, the company rating was maintained by Robert W. Baird. The rating was upgraded by Zacks on Monday, September 21 to “Buy”. On Thursday, July 30 the stock rating was maintained by Imperial Capital with “In-Line”. As per Thursday, October 27, the company rating was upgraded by Imperial Capital. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, January 30. The stock of Anixter International Inc. (NYSE:AXE) has “In-Line” rating given on Monday, April 25 by Imperial Capital.

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.10, from 1.16 in 2017Q4. It improved, as 18 investors sold AXE shares while 56 reduced holdings. 32 funds opened positions while 61 raised stakes. 26.93 million shares or 1.84% less from 27.44 million shares in 2017Q4 were reported. Thrivent Financial For Lutherans owns 19,484 shares or 0% of their US portfolio. Parametric Associate invested in 0.01% or 103,980 shares. Rhumbline Advisers owns 75,676 shares or 0.01% of their US portfolio. Signaturefd Limited Liability Corporation reported 19 shares stake. Barrow Hanley Mewhinney And Strauss Lc reported 0.01% of its portfolio in Anixter International Inc. (NYSE:AXE). Alliancebernstein LP has 0.09% invested in Anixter International Inc. (NYSE:AXE). Old Mutual Customised Solutions (Proprietary) owns 1,100 shares for 0.01% of their portfolio. Us National Bank De accumulated 4,542 shares. Envestnet Asset Mgmt has 2,686 shares for 0% of their portfolio. Ny State Teachers Retirement Systems reported 57,570 shares. Dimensional Fund Lp holds 0.05% or 1.69M shares. Quantitative Mngmt Limited Company owns 7,500 shares. Tributary Cap Ltd Co holds 1.48% or 234,241 shares. 15,714 are owned by Stone Ridge Asset Management Limited Liability Company. Jacobs Levy Equity Management Incorporated has invested 0.04% in Anixter International Inc. (NYSE:AXE).

Anixter International Inc. (NYSE:AXE) Institutional Positions Chart

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