Tredje AP fonden Decreases Stake in Itau Unibanco Holding S.A. $ITUB

Tredje AP fonden cut its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUBFree Report) by 40.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,269,151 shares of the bank’s stock after selling 2,954,849 shares during the quarter. Tredje AP fonden’s holdings in Itau Unibanco were worth $30,567,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 5,355 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Itau Unibanco by 40.1% in the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,901 shares in the last quarter. Community Bank N.A. acquired a new stake in shares of Itau Unibanco in the third quarter valued at approximately $57,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Itau Unibanco by 486.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after purchasing an additional 7,436 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Itau Unibanco during the fourth quarter worth approximately $70,000.

Insider Buying and Selling at Itau Unibanco

In other news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $8.82, for a total transaction of $1,612,296.00. Following the completion of the transaction, the insider directly owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. This represents a 10.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total value of $469,000.00. Following the sale, the insider directly owned 1,265,119 shares of the company’s stock, valued at $11,866,816.22. The trade was a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 292,277 shares of company stock worth $2,646,512. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ITUB. Zacks Research lowered 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Itau Unibanco has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Read Our Latest Stock Analysis on ITUB

Itau Unibanco Stock Performance

Itau Unibanco stock opened at $7.89 on Tuesday. The firm has a 50 day simple moving average of $8.47 and a 200-day simple moving average of $8.06. The stock has a market cap of $87.39 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.85 and a beta of 0.63. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79. Itau Unibanco Holding S.A. has a 1-year low of $5.93 and a 1-year high of $9.60.

Itau Unibanco (NYSE:ITUBGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 26.50%. On average, analysts expect that Itau Unibanco Holding S.A. will post 0.88 EPS for the current year.

Itau Unibanco Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, March 23rd will be given a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s payout ratio is currently 4.11%.

Itau Unibanco Company Profile

(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.

See Also

Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

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.