Itau Unibanco Holding S.A. $ITUB Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,923,705 shares of the bank’s stock after acquiring an additional 80,482 shares during the quarter. Natixis Advisors LLC’s holdings in Itau Unibanco were worth $20,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in shares of Itau Unibanco by 40.1% during the 4th quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,901 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 5,355 shares in the last quarter. Community Bank N.A. acquired a new position in Itau Unibanco during the 3rd quarter worth approximately $57,000. Caitong International Asset Management Co. Ltd lifted its position in Itau Unibanco by 486.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock worth $66,000 after acquiring an additional 7,436 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Itau Unibanco during the 4th quarter worth approximately $70,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research cut shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. boosted 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $7.55 on Friday. 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 debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $83.57 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.82 and a beta of 0.59. The company’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $8.11.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data 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 firm had revenue of $9.01 billion during the quarter, compared to analyst estimates 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 Announces Dividend

The company also recently disclosed 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 is Monday, June 22nd. Itau Unibanco’s payout ratio is currently 65.75%.

Insiders Place Their Bets

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business’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 transaction, the insider owned 1,637,511 shares in the company, valued at $14,442,847.02. The trade was a 10.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00. Following the completion of the transaction, the insider owned 1,265,119 shares in the company, valued at $11,866,816.22. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 292,277 shares of company stock worth $2,646,512 in the last quarter. 0.61% of the stock is currently owned by company insiders.

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.