BI Asset Management Fondsmaeglerselskab A S Purchases New Shares in Itau Unibanco Holding S.A. $ITUB

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) during the fourth quarter, HoldingsChannel reports. The fund acquired 658,932 shares of the bank’s stock, valued at approximately $4,718,000.

Several other institutional investors have also added to or reduced their stakes in ITUB. JPMorgan Chase & Co. lifted its stake in Itau Unibanco by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,387,090 shares of the bank’s stock worth $303,781,000 after purchasing an additional 369,474 shares in the last quarter. Todd Asset Management LLC raised its holdings in shares of Itau Unibanco by 5.3% during the 3rd quarter. Todd Asset Management LLC now owns 6,162,981 shares of the bank’s stock worth $45,236,000 after acquiring an additional 311,472 shares during the period. Seafarer Capital Partners LLC boosted its position in shares of Itau Unibanco by 3.0% during the 4th quarter. Seafarer Capital Partners LLC now owns 10,909,142 shares of the bank’s stock valued at $78,109,000 after acquiring an additional 317,742 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Itau Unibanco by 8.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 3,725,339 shares of the bank’s stock valued at $27,344,000 after purchasing an additional 286,200 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Itau Unibanco by 1.1% in the third quarter. Capital Research Global Investors now owns 29,215,208 shares of the bank’s stock valued at $214,437,000 after purchasing an additional 329,932 shares during the period.

Insider Buying and Selling

In other Itau Unibanco news, insider Fajerman Sergio Guillinet sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total value of $469,000.00. Following the transaction, the insider directly owned 1,265,119 shares in the company, valued at $11,866,816.22. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $8.82, for a total transaction of $1,612,296.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders sold 292,277 shares of company stock valued at $2,646,512 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Itau Unibanco Price Performance

Shares of ITUB opened at $7.55 on Monday. The firm has a market capitalization of $83.57 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.81 and a beta of 0.59. The firm’s fifty day simple moving average is $8.37 and its 200-day simple moving average is $8.11. Itau Unibanco Holding S.A. has a twelve month low of $5.93 and a twelve month high of $9.60. 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 (NYSE:ITUB) last issued its earnings results on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $9.41 billion. Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%. Equities analysts forecast that Itau Unibanco Holding S.A. will post 0.89 EPS for the current fiscal year.

Itau Unibanco Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, June 22nd will be paid a dividend of $0.068 per share. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s payout ratio is presently 4.11%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

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.