Itau Unibanco Holding S.A. $ITUB Shares Sold by Barings LLC

Barings LLC lowered its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 891,821 shares of the bank’s stock after selling 242,505 shares during the quarter. Barings LLC’s holdings in Itau Unibanco were worth $6,385,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of Itau Unibanco by 40.1% during the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,901 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Itau Unibanco by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after acquiring an additional 5,355 shares in the last quarter. Community Bank N.A. acquired a new position in shares of Itau Unibanco during the third quarter valued at about $57,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Itau Unibanco by 486.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after acquiring an additional 7,436 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Itau Unibanco during the fourth quarter valued at about $70,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ITUB shares. Zacks Research downgraded shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. JPMorgan Chase & Co. raised their price target on shares of Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Itau Unibanco has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Insider Buying and Selling

In other news, insider Fajerman Sergio Guillinet sold 39,477 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $9.53, for a total transaction of $376,215.81. Following the sale, the insider owned 1,205,642 shares of the company’s stock, valued at $11,489,768.26. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 1,637,511 shares in the company, valued at $14,442,847.02. The trade was a 10.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 292,277 shares of company stock worth $2,646,512 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Itau Unibanco Stock Performance

Shares of NYSE ITUB opened at $7.91 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. Itau Unibanco Holding S.A. has a 12 month low of $5.93 and a 12 month high of $9.60. The company has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $8.12. The stock has a market cap of $87.65 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.82 and a beta of 0.59.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $9.41 billion. As a group, analysts predict that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current year.

Itau Unibanco Dividend Announcement

The company also recently disclosed 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 (DPR) is presently 65.75%.

Itau Unibanco Company 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.