Natixis Advisors LLC Has $20.93 Million Stock Position in Itau Unibanco Holding S.A. $ITUB

Natixis Advisors LLC raised its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,923,705 shares of the bank’s stock after acquiring an additional 80,482 shares during the period. Natixis Advisors LLC’s holdings in Itau Unibanco were worth $20,934,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Itau Unibanco by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,387,090 shares of the bank’s stock worth $303,781,000 after purchasing an additional 369,474 shares in the last quarter. Todd Asset Management LLC grew its stake in Itau Unibanco by 5.3% in the 3rd quarter. Todd Asset Management LLC now owns 6,162,981 shares of the bank’s stock worth $45,236,000 after acquiring an additional 311,472 shares during the period. Seafarer Capital Partners LLC grew its stake in Itau Unibanco by 3.0% in the 4th quarter. Seafarer Capital Partners LLC now owns 10,909,142 shares of the bank’s stock worth $78,109,000 after acquiring an additional 317,742 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Itau Unibanco by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 3,725,339 shares of the bank’s stock worth $27,344,000 after acquiring an additional 286,200 shares during the period. Finally, Capital Research Global Investors grew its stake in Itau Unibanco by 1.1% in the 3rd quarter. Capital Research Global Investors now owns 29,215,208 shares of the bank’s stock worth $214,437,000 after acquiring an additional 329,932 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Zacks Research cut shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Insiders Place Their Bets

In other Itau Unibanco news, insider Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total value of $469,000.00. Following the transaction, the insider owned 1,265,119 shares in the company, valued at $11,866,816.22. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of Itau Unibanco stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total transaction of $1,612,296.00. Following the completion of the transaction, the insider owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. This trade represents a 10.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 292,277 shares of company stock worth $2,646,512. 0.61% of the stock is owned by company insiders.

Itau Unibanco Stock Down 1.2%

Shares of ITUB opened at $7.55 on Friday. The firm has a market cap of $83.57 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.82 and a beta of 0.59. The company’s fifty day moving average is $8.37 and its two-hundred day moving average is $8.11. Itau Unibanco Holding S.A. has a fifty-two week low of $5.93 and a fifty-two week high of $9.60. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.53.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $9.01 billion during the quarter, compared to analyst estimates of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. Analysts forecast that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current 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, June 22nd will be issued a $0.068 dividend. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s dividend payout ratio (DPR) is 65.75%.

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.