Itau Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) insider Vanzo Carlos Orestes sold 60,000 shares of the firm's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $8.24, for a total value of $494,400.00. Following the sale, the insider owned 1,008,014 shares in the company, valued at $8,306,035.36. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Itau Unibanco Stock Performance
NYSE ITUB opened at $8.15 on Thursday. The stock has a market capitalization of $90.33 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.88 and a beta of 0.58. Itau Unibanco Holding S.A. has a twelve month low of $5.93 and a twelve month high of $9.60. 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 stock has a 50-day moving average of $8.01 and a 200 day moving average of $8.22.
Itau Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $9.41 billion. Sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 EPS 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 paid a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, June 22nd. Itau Unibanco's dividend payout ratio is presently 4.11%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Itau Unibanco from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday. Zacks Research cut shares of Itau Unibanco from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Itau Unibanco in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.00.
View Our Latest Analysis on Itau Unibanco
Hedge Funds Weigh In On Itau Unibanco
Hedge funds have recently made changes to their positions in the company. Huntington National Bank lifted its position in shares of Itau Unibanco by 11.1% in the fourth quarter. Huntington National Bank now owns 10,895 shares of the bank's stock valued at $78,000 after acquiring an additional 1,092 shares in the last quarter. Gould Asset Management LLC CA increased its position in shares of Itau Unibanco by 3.0% during the fourth quarter. Gould Asset Management LLC CA now owns 40,777 shares of the bank's stock worth $292,000 after purchasing an additional 1,187 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Itau Unibanco by 16.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,441 shares of the bank's stock valued at $79,000 after purchasing an additional 1,306 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Itau Unibanco by 3.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 46,666 shares of the bank's stock valued at $334,000 after purchasing an additional 1,357 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in Itau Unibanco by 3.7% in the 1st quarter. Stephens Inc. AR now owns 40,445 shares of the bank's stock valued at $339,000 after purchasing an additional 1,433 shares during the last quarter.
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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