Itau Unibanco Holding S.A. $ITUB Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 15.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 990,000 shares of the bank’s stock after purchasing an additional 129,149 shares during the period. Handelsbanken Fonder AB’s holdings in Itau Unibanco were worth $8,088,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ITUB. Kestra Advisory Services LLC acquired a new position in shares of Itau Unibanco in the 4th quarter valued at $31,000. Farther Finance Advisors LLC raised its position in shares of Itau Unibanco by 40.1% in the 4th 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 position 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 worth $47,000 after buying an additional 5,355 shares during the period. V Square Quantitative Management LLC acquired a new position in Itau Unibanco in the first quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Itau Unibanco by 486.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after acquiring an additional 7,436 shares during the period.

Itau Unibanco Stock Performance

Shares of NYSE:ITUB opened at $7.34 on Friday. The business’s 50-day simple moving average is $8.09 and its 200 day simple moving average is $8.38. The company has a market cap of $81.27 billion, a P/E ratio of 9.60, a PEG ratio of 0.80 and a beta of 0.58. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.79 and a current ratio of 1.79. Itau Unibanco Holding S.A. has a one year low of $6.39 and a one year high of $9.60.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data 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). Itau Unibanco had a net margin of 26.41% and a return on equity of 22.01%. The firm had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.29 billion. On average, sell-side analysts forecast that Itau Unibanco Holding S.A. will post 0.88 earnings per share for the current fiscal year.

Itau Unibanco Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, June 22nd. Itau Unibanco’s payout ratio is presently 3.95%.

Insider Activity

In related news, insider Vanzo Carlos Orestes sold 60,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $8.24, for a total value of $494,400.00. Following the transaction, the insider owned 1,008,014 shares in the company, valued at approximately $8,306,035.36. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

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

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.