Itau Unibanco Holding S.A. $ITUB Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 10.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,011,349 shares of the bank’s stock after buying an additional 94,609 shares during the period. Moran Wealth Management LLC’s holdings in Itau Unibanco were worth $8,475,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ITUB. Kestra Advisory Services LLC acquired a new position in Itau Unibanco during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its position 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. Farther Finance Advisors LLC raised its holdings 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 in the last quarter. Community Bank N.A. acquired a new stake in shares of Itau Unibanco in the 3rd quarter valued at $57,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Itau Unibanco by 486.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock worth $66,000 after purchasing an additional 7,436 shares during the last quarter.

Itau Unibanco Stock Up 0.0%

ITUB stock opened at $8.12 on Friday. The stock has a market cap of $89.98 billion, a P/E ratio of 11.14, a PEG ratio of 0.87 and a beta of 0.58. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. Itau Unibanco Holding S.A. has a twelve month low of $5.93 and a twelve month high of $9.60. The company’s 50 day moving average is $8.04 and its two-hundred day moving average is $8.19.

Itau Unibanco (NYSE:ITUB) last issued its 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). The company had revenue of $9.01 billion during the quarter, compared to analyst estimates of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. Research analysts expect that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current fiscal year.

Itau Unibanco Announces Dividend

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

Insider Activity

In other news, 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 transaction of $1,612,296.00. Following the sale, the insider owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. The trade was a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $469,000.00. Following the sale, the insider owned 1,265,119 shares in the company, valued at $11,866,816.22. This trade represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 292,277 shares of company stock worth $2,646,512. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

ITUB has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a report on Wednesday, June 17th. Zacks Research downgraded Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Itau Unibanco currently has an average rating of “Moderate Buy” and a consensus price target 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.