BTG Pactual Asset Management US LLC Has $11.85 Million Position in Itau Unibanco Holding S.A. $ITUB

BTG Pactual Asset Management US LLC increased its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 8.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,450,962 shares of the bank’s stock after purchasing an additional 107,153 shares during the period. Itau Unibanco makes up 0.7% of BTG Pactual Asset Management US LLC’s portfolio, making the stock its 23rd biggest position. BTG Pactual Asset Management US LLC’s holdings in Itau Unibanco were worth $11,854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Itau Unibanco by 11.7% in the 1st quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock worth $2,450,000 after buying an additional 46,608 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Itau Unibanco by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock worth $27,482,000 after acquiring an additional 1,107,607 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Itau Unibanco by 11.7% in the 2nd quarter. Guggenheim Capital LLC now owns 118,405 shares of the bank’s stock valued at $804,000 after purchasing an additional 12,442 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Itau Unibanco by 425.3% in the 2nd quarter. First Trust Advisors LP now owns 356,467 shares of the bank’s stock valued at $2,420,000 after purchasing an additional 288,602 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ITUB shares. Weiss Ratings cut shares of Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.00.

Insiders Place Their Bets

In other Itau Unibanco news, insider Vanzo Carlos Orestes sold 60,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $8.24, for a total value of $494,400.00. Following the completion of the transaction, the insider directly owned 1,008,014 shares of the company’s stock, valued at approximately $8,306,035.36. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Itau Unibanco Price Performance

Shares of ITUB stock opened at $7.51 on Monday. Itau Unibanco Holding S.A. has a 52 week low of $6.54 and a 52 week high of $9.60. The stock has a market capitalization of $83.18 billion, a PE ratio of 9.82, a PEG ratio of 0.81 and a beta of 0.58. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s fifty day moving average is $8.02 and its 200-day moving average is $8.28.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results 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). The business had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $9.29 billion. Itau Unibanco had a net margin of 26.41% and a return on equity of 21.40%. Equities research analysts expect that Itau Unibanco Holding S.A. will post 0.88 EPS for the current fiscal year.

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.