Itaú Unibanco Holding S.A. (NYSE:ITUB) Short Interest Up 20.1% in April


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Itaú Unibanco Holding S.A. (NYSE:ITUB) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 12,330,000 shares, a growth of 20.1% from the March 31st total of 10,270,000 shares. Based on an average daily trading volume, of 42,060,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Separately, Grupo Santander downgraded shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a report on Thursday, February 4th.

Several large investors have recently added to or reduced their stakes in the stock. Credit Agricole S A raised its stake in Itaú Unibanco by 15.0% during the 4th quarter. Credit Agricole S A now owns 15,327 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,000 shares during the period. Avestar Capital LLC boosted its stake in shares of Itaú Unibanco by 8.1% in the 1st quarter. Avestar Capital LLC now owns 27,848 shares of the bank’s stock valued at $145,000 after purchasing an additional 2,077 shares in the last quarter. Mather Group LLC. increased its stake in shares of Itaú Unibanco by 19.4% in the fourth quarter. Mather Group LLC. now owns 14,402 shares of the bank’s stock valued at $88,000 after buying an additional 2,342 shares in the last quarter. Captrust Financial Advisors boosted its position in Itaú Unibanco by 4.9% in the 4th quarter. Captrust Financial Advisors now owns 54,124 shares of the bank’s stock valued at $330,000 after buying an additional 2,506 shares during the last quarter. Finally, Baldwin Brothers Inc. MA lifted its holdings in Itaú Unibanco by 9.1% in the fourth quarter. Baldwin Brothers Inc. MA now owns 30,170 shares of the bank’s stock valued at $184,000 after buying an additional 2,515 shares during the period. Institutional investors and hedge funds own 4.54% of the company’s stock.

ITUB traded down $0.17 during trading on Tuesday, hitting $4.90. The company had a trading volume of 47,942,477 shares, compared to its average volume of 41,162,004. The company has a market cap of $47.74 billion, a PE ratio of 11.02 and a beta of 0.94. Itaú Unibanco has a 1-year low of $3.48 and a 1-year high of $6.36. The business has a 50-day moving average of $4.90 and a 200-day moving average of $5.22. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.46 and a quick ratio of 1.46.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings results on Monday, February 1st. The bank reported $0.17 EPS for the quarter, topping the consensus estimate of $0.11 by $0.06. The business had revenue of $6.85 billion during the quarter, compared to analyst estimates of $5.34 billion. Itaú Unibanco had a net margin of 10.91% and a return on equity of 13.88%. Research analysts forecast that Itaú Unibanco will post 0.35 earnings per share for the current year.

The firm also recently disclosed a dividend, which was paid on Thursday, April 29th. Stockholders of record on Thursday, April 29th were paid a $0.009 dividend. The ex-dividend date was Wednesday, April 28th. This is a boost from Itaú Unibanco’s previous dividend of $0.01. Itaú Unibanco’s payout ratio is currently 14.08%.

About Itaú Unibanco

Itaú Unibanco Holding SA provides a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers various deposit products, as well as loans and credit cards; investment banking services; real estate lending services; financing and investment services; and leasing and foreign exchange services.

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