Itau Unibanco Holding S.A. $ITUB Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 1,717.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 72,748 shares of the bank’s stock after acquiring an additional 68,745 shares during the period. Global Retirement Partners LLC’s holdings in Itau Unibanco were worth $521,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Leonteq Securities AG acquired a new stake in shares of Itau Unibanco in the fourth quarter worth approximately $250,000. ABN Amro Investment Solutions boosted its stake in Itau Unibanco by 233.9% during the fourth quarter. ABN Amro Investment Solutions now owns 1,377,968 shares of the bank’s stock worth $9,866,000 after buying an additional 965,222 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in Itau Unibanco by 211.1% during the fourth quarter. Banque Cantonale Vaudoise now owns 307,970 shares of the bank’s stock worth $2,205,000 after buying an additional 208,970 shares during the last quarter. Fairtree Asset Management Pty Ltd acquired a new position in Itau Unibanco during the fourth quarter worth $352,000. Finally, Handelsbanken Fonder AB boosted its stake in Itau Unibanco by 3.0% during the fourth quarter. Handelsbanken Fonder AB now owns 110,248 shares of the bank’s stock worth $789,000 after buying an additional 3,211 shares during the last quarter.

Insider Buying and Selling at Itau Unibanco

In related news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business’s 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 of the company’s stock, valued at $14,442,847.02. The trade was a 10.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total value of $469,000.00. Following the transaction, 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 292,277 shares of company stock valued at $2,646,512 over the last three months. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ITUB shares. 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. boosted their price objective on Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Itau Unibanco Price Performance

ITUB stock opened at $7.96 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $88.11 billion, a PE ratio of 10.91, a P/E/G ratio of 0.85 and a beta of 0.63. Itau Unibanco Holding S.A. has a 12-month low of $5.93 and a 12-month high of $9.60. The business’s fifty day moving average price is $8.42 and its 200 day moving average price is $8.10.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. On average, sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Announces Dividend

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

About Itau Unibanco

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.