Itau Unibanco (NYSE:ITUB) Insider Vanzo Carlos Orestes Sells 60,000 Shares of Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Vanzo Carlos Orestes sold 60,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $8.24, for a total value of $494,400.00. Following the completion of the transaction, the insider directly owned 1,008,014 shares in the company, valued at $8,306,035.36. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Itau Unibanco Trading Down 0.9%

Shares of NYSE:ITUB opened at $8.15 on Thursday. Itau Unibanco Holding S.A. has a 52-week low of $5.93 and a 52-week high of $9.60. The stock has a market cap of $90.33 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.88 and a beta of 0.58. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.53. The business has a 50-day moving average price of $8.01 and a 200-day moving average price of $8.22.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Equities analysts predict that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, June 22nd will be issued a $0.068 dividend. The ex-dividend date of this dividend is Monday, June 22nd. Itau Unibanco’s dividend payout ratio is 4.11%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Institutional Investors Weigh In On Itau Unibanco

Hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in shares of Itau Unibanco during the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in Itau Unibanco by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after buying an additional 5,355 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Itau Unibanco by 40.1% during the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock worth $48,000 after buying an additional 1,901 shares in the last quarter. Community Bank N.A. acquired a new stake in Itau Unibanco during the third quarter valued at $57,000. Finally, V Square Quantitative Management LLC acquired a new stake in Itau Unibanco during the first quarter valued at $59,000.

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.