Itau Unibanco Sees Unusually Large Options Volume (NYSE:ITUB)

Itau Unibanco Holding S.A. (NYSE:ITUB – Get Free Report) was the recipient of some unusual options trading on Monday. Investors purchased 2,797 call options on the company. This is an increase of 152% compared to the typical volume of 1,109 call options.

Insider Buying and Selling

In other Itau Unibanco news, insider Vanzo Orestes sold 74,643 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.38, for a total value of $625,508.34. Following the transaction, the insider directly owned 933,371 shares in the company, valued at $7,821,648.98. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of Itau Unibanco

Large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its stake in Itau Unibanco by 3.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 63,525,566 shares of the bank’s stock valued at $454,843,000 after purchasing an additional 2,394,121 shares during the period. Franklin Resources Inc. boosted its stake in shares of Itau Unibanco by 6.3% during the fourth quarter. Franklin Resources Inc. now owns 32,465,077 shares of the bank’s stock worth $232,450,000 after buying an additional 1,925,708 shares during the period. Capital Research Global Investors grew its holdings in shares of Itau Unibanco by 3.9% during the fourth quarter. Capital Research Global Investors now owns 30,359,075 shares of the bank’s stock worth $217,383,000 after buying an additional 1,143,867 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Itau Unibanco by 111.9% during the second quarter. Bank of America Corp DE now owns 22,293,618 shares of the bank’s stock worth $182,139,000 after buying an additional 11,771,394 shares during the last quarter. Finally, Carmignac Gestion increased its position in Itau Unibanco by 41.6% in the 2nd quarter. Carmignac Gestion now owns 12,219,314 shares of the bank’s stock valued at $99,832,000 after acquiring an additional 3,589,092 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ITUB shares. Weiss Ratings downgraded shares of Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Itau Unibanco from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Itau Unibanco currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Get Our Latest Stock Analysis on Itau Unibanco

Itau Unibanco Trading Up 2.5%

NYSE:ITUB opened at $10.16 on Wednesday. The company has a market capitalization of $112.59 billion, a PE ratio of 13.30, a P/E/G ratio of 1.24 and a beta of 0.50. Itau Unibanco has a 52-week low of $6.54 and a 52-week high of $10.20. The stock’s 50 day moving average price is $8.07 and its 200 day moving average price is $8.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.44.

Itau Unibanco (NYSE:ITUB – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Itau Unibanco had a net margin of 26.41% and a return on equity of 21.40%. On average, research analysts anticipate that Itau Unibanco will post 0.87 EPS for the current year.

About Itau Unibanco

(Get Free Report)

Itaú Unibanco Holding SA is a Brazil-based financial services company and one of the largest private-sector banking groups in Latin America. Its shares trade on the New York Stock Exchange under the symbol ITUB, while its principal operations are based in Brazil.

The company provides a broad range of banking and financial products for individuals, businesses and institutional clients. Its services include checking and savings accounts, consumer and commercial lending, credit and debit cards, payments, insurance, investment products, wealth management, foreign exchange and investment banking.

Itaú Unibanco was created in 2008 through the merger of Banco Itaú and Unibanco.

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