SG Americas Securities LLC Raises Position in Itau Unibanco Holding S.A. $ITUB

SG Americas Securities LLC raised its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 187.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,879 shares of the bank’s stock after acquiring an additional 66,484 shares during the quarter. SG Americas Securities LLC’s holdings in Itau Unibanco were worth $854,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ITUB. Kestra Advisory Services LLC bought a new stake in shares of Itau Unibanco during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in 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 period. EverSource Wealth Advisors LLC raised its holdings in Itau Unibanco by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after purchasing an additional 5,355 shares in the last quarter. Community Bank N.A. bought a new position in Itau Unibanco in the third quarter worth $57,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Itau Unibanco by 486.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after buying an additional 7,436 shares during the period.

Insider Activity

In other Itau Unibanco news, insider Fajerman Sergio Guillinet sold 39,477 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $9.53, for a total transaction of $376,215.81. Following the completion of the sale, the insider directly owned 1,205,642 shares in the company, valued at approximately $11,489,768.26. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total transaction of $1,612,296.00. Following the sale, the insider owned 1,637,511 shares of the company’s stock, valued at approximately $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 a total of 292,277 shares of company stock worth $2,646,512 over the last three months. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

ITUB has been the topic of a number of research reports. Zacks Research cut shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reiterated 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Itau Unibanco has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Itau Unibanco Stock Up 0.0%

Shares of NYSE:ITUB opened at $8.12 on Monday. 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 fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $8.19. Itau Unibanco Holding S.A. has a 12-month low of $5.93 and a 12-month high of $9.60. The stock has a market capitalization of $89.98 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.87 and a beta of 0.58.

Itau Unibanco (NYSE:ITUB) last released 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). Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%.The company had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. On average, research analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current fiscal year.

Itau Unibanco Dividend Announcement

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

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.