Cloverfields Capital Group LP Purchases Shares of 254,644 Itau Unibanco Holding S.A. $ITUB

Cloverfields Capital Group LP purchased a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 254,644 shares of the bank’s stock, valued at approximately $1,823,000.

Other institutional investors have also added to or reduced their stakes in the company. 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 valued at $47,000 after buying an additional 5,355 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Itau Unibanco by 40.1% in the 4th 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. Community Bank N.A. purchased a new stake in shares of Itau Unibanco in the 3rd quarter worth about $57,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $66,000 after purchasing an additional 7,436 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Itau Unibanco in the 4th quarter worth about $70,000.

Insider Transactions at Itau Unibanco

In related news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of Itau Unibanco 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 completion of the transaction, the insider directly owned 1,637,511 shares of the company’s stock, valued at $14,442,847.02. This trade represents a 10.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total transaction of $469,000.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 292,277 shares of company stock valued at $2,646,512. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Itau Unibanco Trading Up 0.9%

NYSE:ITUB opened at $7.99 on Friday. The company has a 50-day moving average price of $8.33 and a 200-day moving average price of $8.12. Itau Unibanco Holding S.A. has a 12 month low of $5.93 and a 12 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. The stock has a market cap of $88.44 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 0.85 and a beta of 0.59.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing the consensus estimate 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. Equities analysts predict that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Dividend Announcement

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

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.