Banque Cantonale Vaudoise Purchases 170,168 Shares of Itau Unibanco Holding S.A. $ITUB

Banque Cantonale Vaudoise raised its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 55.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 478,138 shares of the bank’s stock after purchasing an additional 170,168 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Itau Unibanco were worth $4,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ITUB. Kestra Advisory Services LLC acquired a new position in shares of Itau Unibanco in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position in Itau Unibanco by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after buying an additional 5,355 shares during the period. Farther Finance Advisors LLC grew its holdings in Itau Unibanco by 40.1% during the 4th quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock worth $48,000 after acquiring an additional 1,901 shares during the last quarter. Community Bank N.A. bought a new stake in Itau Unibanco during the 3rd quarter worth approximately $57,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Itau Unibanco by 486.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after acquiring an additional 7,436 shares during the period.

Insiders Place Their Bets

In other news, insider Fajerman Sergio Guillinet sold 39,477 shares of Itau Unibanco stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $9.53, for a total value of $376,215.81. Following the completion of the transaction, the insider directly owned 1,205,642 shares of the company’s stock, valued at approximately $11,489,768.26. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 1,637,511 shares in the company, valued at $14,442,847.02. This represents a 10.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 292,277 shares of company stock worth $2,646,512 in the last ninety days. Insiders own 0.61% of the company’s stock.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $8.04 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.79 and a current ratio of 1.79. Itau Unibanco Holding S.A. has a fifty-two week low of $5.93 and a fifty-two week high of $9.60. The company has a 50 day simple moving average of $8.17 and a two-hundred day simple moving average of $8.15. The company has a market capitalization of $89.00 billion, a PE ratio of 11.02, a P/E/G ratio of 0.85 and a beta of 0.59.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%.The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $9.41 billion. Research analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current year.

Itau Unibanco Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, June 22nd will be issued a $0.068 dividend. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s payout ratio is presently 65.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ITUB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research note 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.