Itau Unibanco (NYSE:ITUB) Insider Sells 74,643 Shares of Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Vanzo Orestes sold 74,643 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.38, for a total value of $625,508.34. Following the transaction, the insider owned 933,371 shares of the company’s stock, valued at $7,821,648.98. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vanzo Carlos Orestes also recently made the following trade(s):

• On Tuesday, July 7th, Vanzo Orestes sold 60,000 shares of Itau Unibanco stock. The stock was sold at an average price of $8.24, for a total value of $494,400.00.

Itau Unibanco Trading Down 2.7%

ITUB stock traded down $0.23 during trading on Wednesday, hitting $8.09. The company had a trading volume of 35,701,737 shares, compared to its average volume of 24,039,441. The stock has a market cap of $89.55 billion, a PE ratio of 10.58, a PEG ratio of 0.88 and a beta of 0.56. The business has a 50-day moving average of $8.02 and a 200-day moving average of $8.22. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. Itau Unibanco Holding S.A. has a one year low of $6.54 and a one year high of $9.60.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results on Tuesday, August 4th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.29 billion. Itau Unibanco had a return on equity of 21.40% and a net margin of 26.41%. Research analysts predict that Itau Unibanco Holding S.A. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ITUB has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Itau Unibanco from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Institutional Trading of Itau Unibanco

Several large investors have recently made changes to their positions in ITUB. Huntington National Bank raised its stake in Itau Unibanco by 11.1% during the 4th quarter. Huntington National Bank now owns 10,895 shares of the bank’s stock worth $78,000 after buying an additional 1,092 shares during the period. Gould Asset Management LLC CA grew its stake in Itau Unibanco by 3.0% in the fourth quarter. Gould Asset Management LLC CA now owns 40,777 shares of the bank’s stock valued at $292,000 after acquiring an additional 1,187 shares during the period. EverSource Wealth Advisors LLC grew its stake in Itau Unibanco by 16.1% in the first quarter. EverSource Wealth Advisors LLC now owns 9,441 shares of the bank’s stock valued at $79,000 after acquiring an additional 1,306 shares during the period. Knights of Columbus Asset Advisors LLC increased its holdings in shares of Itau Unibanco by 3.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 46,666 shares of the bank’s stock valued at $334,000 after acquiring an additional 1,357 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Itau Unibanco by 3.7% during the first quarter. Stephens Inc. AR now owns 40,445 shares of the bank’s stock valued at $339,000 after acquiring an additional 1,433 shares in the last quarter.

Itau Unibanco Company Profile

Itaú Unibanco Holding SA is one of Brazil’s largest financial institutions and provides banking and financial services to individuals, companies and institutional clients. Its offerings include checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, insurance, payment solutions, foreign exchange and investment products.

The company also operates businesses in investment banking, corporate and treasury services, asset management, private banking and wealth management.