Itau Unibanco Holding S.A. $ITUB Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 69.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,395 shares of the bank’s stock after selling 80,021 shares during the quarter. SG Americas Securities LLC’s holdings in Itau Unibanco were worth $253,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Orbis Allan Gray Ltd grew its position in shares of Itau Unibanco by 104.3% in the second 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 during the last quarter. Schroder Investment Management Group grew its position in shares of Itau Unibanco by 4.9% in the third quarter. Schroder Investment Management Group now owns 74,529,975 shares of the bank’s stock valued at $546,305,000 after purchasing an additional 3,511,303 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Itau Unibanco by 9.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 61,131,445 shares of the bank’s stock valued at $448,705,000 after purchasing an additional 5,279,282 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Itau Unibanco by 39.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 57,624,188 shares of the bank’s stock valued at $422,962,000 after purchasing an additional 16,339,845 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Itau Unibanco by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 41,387,090 shares of the bank’s stock valued at $303,781,000 after purchasing an additional 369,474 shares during the last quarter.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $9.40 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a market cap of $104.06 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.02 and a beta of 0.65. Itau Unibanco Holding S.A. has a fifty-two week low of $5.37 and a fifty-two week high of $9.60. The firm’s 50 day moving average is $8.68 and its two-hundred day moving average is $7.80.

Itau Unibanco (NYSE:ITUB) 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 for the quarter, compared to analysts’ expectations of $8.98 billion. Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%. Analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, March 23rd. Itau Unibanco’s dividend payout ratio (DPR) is currently 4.29%.

Analyst Ratings Changes

Several research firms have recently commented on ITUB. Weiss Ratings reiterated a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target 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. Finally, Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Insiders Place Their Bets

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $14,442,847.02. This trade represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate 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.