Itau Unibanco Holding S.A. $ITUB Stock Position Increased by WIM INVESTMENT MANAGEMENT Ltd

WIM INVESTMENT MANAGEMENT Ltd boosted its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 81.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,737,000 shares of the bank’s stock after buying an additional 778,500 shares during the period. Itau Unibanco makes up approximately 3.2% of WIM INVESTMENT MANAGEMENT Ltd’s holdings, making the stock its 8th largest holding. WIM INVESTMENT MANAGEMENT Ltd’s holdings in Itau Unibanco were worth $12,437,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. HighPoint Advisor Group LLC bought a new position in Itau Unibanco in the 4th quarter valued at $74,000. First Eagle Investment Management LLC grew its position in Itau Unibanco by 12.1% in the 4th quarter. First Eagle Investment Management LLC now owns 2,793,981 shares of the bank’s stock valued at $20,005,000 after acquiring an additional 302,668 shares during the last quarter. Mirabaud Asset Management Ltd bought a new position in Itau Unibanco in the 4th quarter valued at $1,234,000. Drive Wealth Management LLC bought a new position in Itau Unibanco in the 4th quarter valued at $73,000. Finally, Ethic Inc. grew its position in Itau Unibanco by 22.1% in the 4th quarter. Ethic Inc. now owns 188,661 shares of the bank’s stock valued at $1,351,000 after acquiring an additional 34,153 shares during the last quarter.

Itau Unibanco Price Performance

ITUB opened at $7.85 on Thursday. 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 8.79 and a debt-to-equity ratio of 2.53. The business’s fifty day simple moving average is $8.50 and its 200-day simple moving average is $8.04. The company has a market capitalization of $86.89 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.88 and a beta of 0.63.

Itau Unibanco (NYSE:ITUB) last posted its quarterly 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). Itau Unibanco had a return on equity of 26.50% and a net margin of 27.27%.The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $9.41 billion. On average, equities research analysts anticipate that Itau Unibanco Holding S.A. will post 0.88 earnings per share for the current fiscal year.

Itau Unibanco Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be paid a dividend of $0.068 per share. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s dividend payout ratio is 4.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ITUB shares. JPMorgan Chase & Co. upped their price objective on Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Zacks Research downgraded 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 given a Hold rating to the company. According to data from MarketBeat.com, Itau Unibanco has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Insiders Place Their Bets

In related news, insider Fajerman Sergio Guillinet sold 39,477 shares of the company’s stock in a transaction on Friday, April 17th. The stock was 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 $11,489,768.26. This represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $8.82, for a total value of $1,612,296.00. Following the sale, the insider 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 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 valued at $2,646,512 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

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.