Itau Unibanco Holding S.A. $ITUB Stock Holdings Reduced by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,092,846 shares of the bank’s stock after selling 64,700 shares during the period. Deprince Race & Zollo Inc.’s holdings in Itau Unibanco were worth $9,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Itau Unibanco by 11.7% in the 1st quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock valued at $2,450,000 after buying an additional 46,608 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Itau Unibanco by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock valued at $27,482,000 after acquiring an additional 1,107,607 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Itau Unibanco by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after acquiring an additional 5,355 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Itau Unibanco by 11.7% in the second quarter. Guggenheim Capital LLC now owns 118,405 shares of the bank’s stock valued at $804,000 after acquiring an additional 12,442 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Itau Unibanco by 425.3% in the second quarter. First Trust Advisors LP now owns 356,467 shares of the bank’s stock valued at $2,420,000 after acquiring an additional 288,602 shares during the last quarter.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research note on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Itau Unibanco Stock Down 0.1%

ITUB stock opened at $8.12 on Friday. The company has a 50-day moving average of $8.06 and a two-hundred day moving average of $8.19. Itau Unibanco Holding S.A. has a 52-week low of $5.93 and a 52-week high of $9.60. The stock has a market capitalization of $89.98 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.87 and a beta of 0.58. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79.

Itau Unibanco (NYSE:ITUB) last released its 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). The business 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%. As a group, equities research analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Announces Dividend

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

About Itau Unibanco

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.