Global Retirement Partners LLC Grows Stock Position in Itau Unibanco Holding S.A. $ITUB

Global Retirement Partners LLC raised its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 1,717.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,748 shares of the bank’s stock after buying an additional 68,745 shares during the quarter. Global Retirement Partners LLC’s holdings in Itau Unibanco were worth $521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. raised its stake in Itau Unibanco by 3.1% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 51,326 shares of the bank’s stock valued at $367,000 after buying an additional 1,521 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Itau Unibanco by 6.3% in the fourth quarter. HighTower Advisors LLC now owns 29,924 shares of the bank’s stock worth $214,000 after purchasing an additional 1,785 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Itau Unibanco by 40.1% in the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock worth $48,000 after purchasing an additional 1,901 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Itau Unibanco by 3.0% in the fourth quarter. Yousif Capital Management LLC now owns 65,655 shares of the bank’s stock worth $489,000 after purchasing an additional 1,911 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Itau Unibanco by 3.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 67,901 shares of the bank’s stock worth $486,000 after purchasing an additional 2,080 shares during the last quarter.

Itau Unibanco Stock Up 0.2%

Shares of ITUB stock opened at $7.96 on Thursday. The stock has a 50 day moving average of $8.42 and a 200 day moving average of $8.10. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. The stock has a market cap of $88.11 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.85 and a beta of 0.63. Itau Unibanco Holding S.A. has a twelve month low of $5.93 and a twelve month high of $9.60.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. As a group, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be given a dividend of $0.068 per share. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s dividend payout ratio (DPR) is currently 4.11%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. raised their price objective on Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Insider Activity at Itau Unibanco

In other Itau Unibanco news, insider Fajerman Sergio Guillinet sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 1,265,119 shares of the company’s stock, valued at approximately $11,866,816.22. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were 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 directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 292,277 shares of company stock valued at $2,646,512. 0.61% of the stock is owned by company insiders.

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.