Itau Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) insider Fajerman Sergio Guillinet sold 39,477 shares of the company's stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $9.53, for a total transaction of $376,215.81. Following the transaction, the insider owned 1,205,642 shares in the company, valued at approximately $11,489,768.26. This trade represents a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Fajerman Sergio Guillinet also recently made the following trade(s):
- On Wednesday, April 15th, Fajerman Sergio Guillinet sold 20,000 shares of Itau Unibanco stock. The stock was sold at an average price of $9.45, for a total value of $189,000.00.
- On Tuesday, April 14th, Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock. The shares were sold at an average price of $9.38, for a total transaction of $469,000.00.
Itau Unibanco Stock Performance
Itau Unibanco stock opened at $9.29 on Tuesday. The company's 50-day moving average is $8.70 and its two-hundred day moving average is $7.85. The company has a current ratio of 1.79, a quick ratio of 1.58 and a debt-to-equity ratio of 2.61. The company has a market cap of $102.84 billion, a PE ratio of 13.19, a PEG ratio of 1.03 and a beta of 0.65. Itau Unibanco Holding S.A. has a 1 year low of $5.46 and a 1 year high of $9.60.
Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.98 billion. Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. Equities analysts anticipate that Itau Unibanco Holding S.A. will post 0.87 earnings per share for the current year.
Itau Unibanco Announces Dividend
The company also recently declared a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be given a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco's dividend payout ratio (DPR) is currently 4.29%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Itau Unibanco from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Itau Unibanco in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Itau Unibanco from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.00.
View Our Latest Analysis on Itau Unibanco
Institutional Investors Weigh In On Itau Unibanco
A number of large investors have recently bought and sold shares of ITUB. Orbis Allan Gray Ltd boosted its stake in shares of Itau Unibanco by 104.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank's stock valued at $574,053,000 after purchasing an additional 43,153,787 shares in the last quarter. Viking Global Investors LP acquired a new position in Itau Unibanco during the 4th quarter worth about $203,319,000. Robeco Institutional Asset Management B.V. lifted its holdings in Itau Unibanco by 39.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 57,624,188 shares of the bank's stock worth $422,962,000 after buying an additional 16,339,845 shares during the period. Samlyn Capital LLC acquired a new position in shares of Itau Unibanco in the 3rd quarter worth approximately $99,388,000. Finally, Boston Partners lifted its stake in shares of Itau Unibanco by 1,667.7% in the 3rd quarter. Boston Partners now owns 12,413,727 shares of the bank's stock valued at $91,117,000 after purchasing an additional 11,711,487 shares during the period.
Itau Unibanco Company Profile
(
Get Free Report)
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.
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