Longfellow Investment Management Co. LLC Has $1.67 Million Stake in Itau Unibanco Holding S.A. $ITUB

Longfellow Investment Management Co. LLC decreased its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,497 shares of the bank’s stock after selling 136,423 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in Itau Unibanco were worth $1,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ITUB. Orbis Allan Gray Ltd raised its stake in shares of Itau Unibanco by 104.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank’s stock valued at $574,053,000 after purchasing an additional 43,153,787 shares during the period. Samlyn Capital LLC acquired a new stake in shares of Itau Unibanco in the 3rd quarter valued at about $99,388,000. Boston Partners increased its position in shares of Itau Unibanco by 1,667.7% in the third quarter. Boston Partners now owns 12,413,727 shares of the bank’s stock valued at $91,117,000 after acquiring an additional 11,711,487 shares during the last quarter. Tredje AP fonden acquired a new stake in shares of Itau Unibanco in the third quarter valued at about $53,024,000. Finally, William Blair Investment Management LLC increased its position in shares of Itau Unibanco by 24.0% in the fourth quarter. William Blair Investment Management LLC now owns 36,551,763 shares of the bank’s stock valued at $261,679,000 after acquiring an additional 7,081,568 shares during the last quarter.

Insider Transactions at Itau Unibanco

In related news, insider Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00. Following the completion of the transaction, the insider owned 1,265,119 shares in the company, valued at approximately $11,866,816.22. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of Itau Unibanco stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $8.82, for a total value of $1,612,296.00. Following the transaction, the insider 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 disclosure for this sale is available in the SEC filing. Insiders have sold 292,277 shares of company stock valued at $2,646,512 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Itau Unibanco Trading Down 1.2%

Itau Unibanco stock opened at $7.55 on Friday. Itau Unibanco Holding S.A. has a 52 week low of $5.93 and a 52 week high of $9.60. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $83.57 billion, a P/E ratio of 10.35, a PEG ratio of 0.81 and a beta of 0.59. The stock has a 50-day simple moving average of $8.37 and a 200 day simple moving average of $8.11.

Itau Unibanco (NYSE:ITUB) last posted its quarterly 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 return on equity of 21.27% and a net margin of 27.27%.The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $9.41 billion. Analysts expect that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current year.

Itau Unibanco Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, June 22nd will be issued a dividend of $0.068 per share. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.11%.

Wall Street Analyst Weigh In

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

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.