Vanguard Group Inc. lifted its stake in Itau Unibanco Holding S.A. (NYSE:ITUB – Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,158,135 shares of the bank’s stock after purchasing an additional 644,748 shares during the quarter. Vanguard Group Inc.’s holdings in Itau Unibanco were worth $172,972,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in Itau Unibanco by 18.6% during the 3rd quarter. New York State Common Retirement Fund now owns 6,868,048 shares of the bank’s stock worth $50,411,000 after buying an additional 1,079,178 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Itau Unibanco by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,387,090 shares of the bank’s stock valued at $303,781,000 after acquiring an additional 369,474 shares during the period. 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 valued at $45,236,000 after acquiring an additional 311,472 shares during the period. Seafarer Capital Partners LLC boosted its stake in Itau Unibanco by 3.0% during the 4th quarter. Seafarer Capital Partners LLC now owns 10,909,142 shares of the bank’s stock worth $78,109,000 after purchasing an additional 317,742 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Itau Unibanco by 8.3% during 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 purchasing an additional 286,200 shares during the last quarter.
Wall Street Analyst Weigh In
Several brokerages have issued reports on ITUB. Zacks Research cut shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. lifted their price target on Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Two investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.
Itau Unibanco Stock Up 0.1%
NYSE ITUB opened at $8.38 on Monday. The firm has a market cap of $92.76 billion, a PE ratio of 11.48, a P/E/G ratio of 0.89 and a beta of 0.63. Itau Unibanco Holding S.A. has a 52 week low of $5.93 and a 52 week high of $9.60. The business’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $8.01. The company has a quick ratio of 8.79, a current ratio of 8.79 and a debt-to-equity ratio of 2.61.
Itau Unibanco (NYSE:ITUB – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 29.45%. As a group, equities analysts anticipate that Itau Unibanco Holding S.A. will post 0.9 earnings per share for the current year.
Itau Unibanco Announces Dividend
The business also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be issued a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s payout ratio is 4.11%.
Insider Activity
In related news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total value of $1,612,296.00. Following the sale, the insider directly owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. The trade was a 10.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Fajerman Sergio Guillinet sold 39,477 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $9.53, for a total transaction of $376,215.81. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 292,277 shares of company stock worth $2,646,512. 0.61% of the stock is owned by insiders.
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.
Read More
- Five stocks we like better than Itau Unibanco
- Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum
- Quantum Earnings Season Is Ramping Up—What to Watch From 2 Major Players
- Flutter Sees Post-Earnings Boost as FanDuel Shows Signs of Recovery
- 3 Healthcare Stocks Set to Benefit From the One Big Beautiful Bill
Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itau Unibanco Holding S.A. (NYSE:ITUB – Free Report).
Receive News & Ratings for Itau Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.
