USS Investment Management Ltd Has $20.51 Million Position in Itau Unibanco Holding S.A. $ITUB

USS Investment Management Ltd grew its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,861,917 shares of the bank’s stock after purchasing an additional 83,356 shares during the quarter. USS Investment Management Ltd’s holdings in Itau Unibanco were worth $20,506,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of Itau Unibanco during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC raised its position 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 worth $47,000 after acquiring an additional 5,355 shares during the last quarter. Farther Finance Advisors LLC raised its position 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 worth $48,000 after acquiring an additional 1,901 shares during the last quarter. Community Bank N.A. bought a new stake in shares of Itau Unibanco during the third quarter worth $57,000. Finally, Caitong International Asset Management Co. Ltd raised its position 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 worth $66,000 after acquiring an additional 7,436 shares during the last quarter.

Insider Activity

In other Itau Unibanco news, insider Fajerman Sergio Guillinet sold 39,477 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $9.53, for a total value of $376,215.81. Following the completion of the sale, the insider directly owned 1,205,642 shares in the company, valued at $11,489,768.26. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the 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 completion of the sale, the insider owned 1,637,511 shares of the company’s stock, valued at $14,442,847.02. This trade represents a 10.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 292,277 shares of company stock valued at $2,646,512 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in 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. boosted their target price on Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Itau Unibanco currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Itau Unibanco Stock Down 0.1%

Shares of NYSE ITUB opened at $7.99 on Monday. Itau Unibanco Holding S.A. has a 52-week low of $5.93 and a 52-week high of $9.60. The firm has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.13. The stock has a market cap of $88.44 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.86 and a beta of 0.59. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.79 and a current ratio of 1.79.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $9.41 billion. Analysts expect that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, June 22nd will be issued a $0.068 dividend. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s dividend payout ratio is 65.75%.

Itau Unibanco 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.