Vanzo Carlos Orestes Sells 74,643 Shares of Itau Unibanco (NYSE:ITUB) Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Vanzo Orestes sold 74,643 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $8.38, for a total transaction of $625,508.34. Following the transaction, the insider owned 933,371 shares in the company, valued at $7,821,648.98. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Vanzo Carlos Orestes also recently made the following trade(s):

• On Tuesday, July 7th, Vanzo Orestes sold 60,000 shares of Itau Unibanco stock. The stock was sold at an average price of $8.24, for a total transaction of $494,400.00.

Itau Unibanco Trading Up 2.8%

ITUB opened at $8.30 on Friday. The company has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $8.20. Itau Unibanco Holding S.A. has a 1-year low of $6.54 and a 1-year high of $9.60. The company has a market cap of $91.99 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.01 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Tuesday, August 4th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Itau Unibanco had a return on equity of 21.40% and a net margin of 26.41%.The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.29 billion. Analysts predict that Itau Unibanco Holding S.A. will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ITUB has been the subject of a number of research reports. Weiss Ratings cut Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Itau Unibanco has an average rating of “Moderate Buy” and an average target price of $10.00.

Institutional Investors Weigh In On Itau Unibanco

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Itau Unibanco by 155.5% during the first quarter. Bank of America Corp DE now owns 10,522,224 shares of the bank’s stock valued at $88,176,000 after purchasing an additional 6,404,438 shares in the last quarter. William Blair Investment Management LLC grew its position in Itau Unibanco by 24.0% in the 4th quarter. William Blair Investment Management LLC now owns 36,551,763 shares of the bank’s stock worth $261,679,000 after purchasing an additional 7,081,568 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Itau Unibanco by 386.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,065,538 shares of the bank’s stock valued at $7,629,000 after buying an additional 846,456 shares during the last quarter. Franklin Resources Inc. increased its stake in Itau Unibanco by 6.3% in the 4th quarter. Franklin Resources Inc. now owns 32,465,077 shares of the bank’s stock valued at $232,450,000 after buying an additional 1,925,708 shares during the last quarter. Finally, WIM INVESTMENT MANAGEMENT Ltd lifted its position in shares of Itau Unibanco by 81.2% during the 4th quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 1,737,000 shares of the bank’s stock worth $12,437,000 after buying an additional 778,500 shares in the last quarter.

About Itau Unibanco

Itaú Unibanco Holding SA is one of Brazil’s largest financial institutions and provides banking and financial services to individuals, companies and institutional clients. Its offerings include checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, insurance, payment solutions, foreign exchange and investment products.

The company also operates businesses in investment banking, corporate and treasury services, asset management, private banking and wealth management.