Itau Unibanco Holding S.A. $ITUB Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 40.9% during the fourth quarter, Holdings Channel reports. The firm owned 4,269,151 shares of the bank’s stock after selling 2,954,849 shares during the quarter. Tredje AP fonden’s holdings in Itau Unibanco were worth $30,567,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ITUB. Farther Finance Advisors LLC boosted its position in shares of Itau Unibanco by 40.1% during the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock worth $48,000 after buying an additional 1,901 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Itau Unibanco by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after buying an additional 5,355 shares during the period. Community Bank N.A. acquired a new position in Itau Unibanco during the 3rd quarter worth about $57,000. Caitong International Asset Management Co. Ltd lifted its stake in Itau Unibanco by 486.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock worth $66,000 after acquiring an additional 7,436 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Itau Unibanco during the 4th quarter valued at about $70,000.

Insider Activity

In other news, insider Fajerman Sergio Guillinet sold 50,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00. Following the completion of the transaction, the insider directly owned 1,265,119 shares of the company’s stock, valued at approximately $11,866,816.22. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $8.82, for a total transaction of $1,612,296.00. Following the sale, the insider owned 1,637,511 shares in the company, valued at $14,442,847.02. The trade was a 10.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 292,277 shares of company stock valued at $2,646,512 in the last quarter. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

ITUB has been the topic of a number of recent research reports. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. raised their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Itau Unibanco Stock Up 0.6%

Itau Unibanco stock opened at $7.89 on Tuesday. The firm has a market capitalization of $87.39 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.85 and a beta of 0.63. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. Itau Unibanco Holding S.A. has a twelve month low of $5.93 and a twelve month high of $9.60. The stock’s fifty day simple moving average is $8.47 and its 200-day simple moving average is $8.06.

Itau Unibanco (NYSE:ITUB) last released its earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Itau Unibanco had a net margin of 27.27% and a return on equity of 26.50%. The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. As a group, equities analysts expect that Itau Unibanco Holding S.A. will post 0.88 earnings per share for the current fiscal year.

Itau Unibanco Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, March 23rd will be given a $0.068 dividend. The ex-dividend date of this dividend is Monday, March 23rd. Itau Unibanco’s dividend payout ratio (DPR) is currently 4.11%.

Itau Unibanco Company Profile

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.