Y Intercept Hong Kong Ltd Buys New Shares in Itau Unibanco Holding S.A. $ITUB

Y Intercept Hong Kong Ltd bought a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,942,258 shares of the bank’s stock, valued at approximately $13,907,000.

A number of other institutional investors also recently modified their holdings of ITUB. Royal Bank of Canada lifted its position in shares of Itau Unibanco by 11.7% during the 1st quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock valued at $2,450,000 after acquiring an additional 46,608 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Itau Unibanco by 28.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock valued at $27,482,000 after acquiring an additional 1,107,607 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Itau Unibanco by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after acquiring an additional 5,355 shares during the period. Guggenheim Capital LLC lifted its position in shares of Itau Unibanco by 11.7% during the 2nd quarter. Guggenheim Capital LLC now owns 118,405 shares of the bank’s stock valued at $804,000 after acquiring an additional 12,442 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Itau Unibanco by 425.3% during the 2nd quarter. First Trust Advisors LP now owns 356,467 shares of the bank’s stock valued at $2,420,000 after acquiring an additional 288,602 shares during the period.

Insider Buying and Selling at Itau Unibanco

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the company’s 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 transaction, the insider owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00. Following the transaction, the insider owned 1,265,119 shares in the company, valued at approximately $11,866,816.22. The trade was a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 292,277 shares of company stock worth $2,646,512. Corporate insiders own 0.61% of the company’s stock.

Itau Unibanco Stock Performance

ITUB opened at $7.99 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. The company’s fifty day moving average price is $8.33 and its two-hundred day moving average price is $8.12. Itau Unibanco Holding S.A. has a 1-year low of $5.93 and a 1-year high of $9.60. The company has a market cap of $88.44 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.85 and a beta of 0.59.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%.The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $9.41 billion. On average, analysts expect that Itau Unibanco Holding S.A. will post 0.89 EPS for the current fiscal year.

Itau Unibanco Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.068 per share. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s dividend payout ratio is presently 4.11%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ITUB shares. JPMorgan Chase & Co. boosted their target price on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Zacks Research downgraded shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Itau Unibanco 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.