2,083,100 Shares in Itau Unibanco Holding S.A. $ITUB Purchased by NS Partners Ltd

NS Partners Ltd acquired a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,083,100 shares of the bank’s stock, valued at approximately $17,019,000.

Several other institutional investors have also recently made changes to their positions in ITUB. Royal Bank of Canada lifted its position in Itau Unibanco by 11.7% during the first 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 during the period. Goldman Sachs Group Inc. lifted its position in Itau Unibanco by 28.5% during the 1st 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 during the period. EverSource Wealth Advisors LLC boosted its stake in Itau Unibanco by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after acquiring an additional 5,355 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Itau Unibanco by 11.7% in the 2nd quarter. Guggenheim Capital LLC now owns 118,405 shares of the bank’s stock worth $804,000 after buying an additional 12,442 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Itau Unibanco by 425.3% in the second quarter. First Trust Advisors LP now owns 356,467 shares of the bank’s stock worth $2,420,000 after acquiring an additional 288,602 shares during the last quarter.

Wall Street Analysts Forecast Growth

ITUB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Itau Unibanco from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Weiss Ratings downgraded Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Insider Activity

In related news, insider Vanzo Carlos Orestes sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $8.24, for a total transaction of $494,400.00. Following the completion of the transaction, the insider directly owned 1,008,014 shares in the company, valued at approximately $8,306,035.36. The trade was a 5.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Itau Unibanco Stock Up 1.5%

ITUB opened at $7.61 on Tuesday. Itau Unibanco Holding S.A. has a 1-year low of $6.54 and a 1-year high of $9.60. The firm’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $8.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $84.29 billion, a PE ratio of 9.95, a PEG ratio of 0.81 and a beta of 0.58.

Itau Unibanco (NYSE:ITUB) last released its earnings results on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Itau Unibanco had a net margin of 26.41% and a return on equity of 21.40%. The company had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.29 billion. As a group, equities analysts forecast that Itau Unibanco Holding S.A. will post 0.88 EPS for the current year.

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.