Headlands Technologies LLC Invests $507,000 in Itau Unibanco Holding S.A. $ITUB

Headlands Technologies LLC purchased a new position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 62,048 shares of the bank’s stock, valued at approximately $507,000.

Several other institutional investors have also recently added to or reduced their stakes in ITUB. Kestra Advisory Services LLC purchased a new stake in Itau Unibanco during the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of Itau Unibanco by 40.1% in the 4th quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,901 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Itau Unibanco by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after purchasing an additional 5,355 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Itau Unibanco in the 1st quarter valued at approximately $59,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Itau Unibanco by 486.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after purchasing an additional 7,436 shares during the period.

Insider Activity at Itau Unibanco

In other news, insider Vanzo Carlos Orestes sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $8.24, for a total value of $494,400.00. Following the completion of the sale, the insider directly owned 1,008,014 shares of the company’s stock, valued at $8,306,035.36. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Itau Unibanco Price Performance

Shares of NYSE:ITUB opened at $8.07 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. The company has a market cap of $89.37 billion, a P/E ratio of 10.56, a PEG ratio of 0.83 and a beta of 0.56. Itau Unibanco Holding S.A. has a 52 week low of $6.54 and a 52 week high of $9.60. The company has a 50-day moving average price of $8.01 and a 200 day moving average price of $8.24.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Itau Unibanco had a net margin of 26.41% and a return on equity of 21.40%. The business had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Research analysts predict that Itau Unibanco Holding S.A. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings cut shares of Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

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.