Itau Unibanco (NYSE:ITUB) Insider Vanzo Carlos Orestes Sells 74,643 Shares

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Vanzo Orestes sold 74,643 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.38, for a total transaction of $625,508.34. Following the completion of the sale, the insider directly owned 933,371 shares of the company’s stock, valued at $7,821,648.98. This trade represents a 7.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Vanzo Carlos Orestes also recently made the following trade(s):

• On Tuesday, July 7th, Vanzo Orestes sold 60,000 shares of Itau Unibanco stock. The stock was sold at an average price of $8.24, for a total transaction of $494,400.00.

Itau Unibanco Trading Down 2.7%

NYSE ITUB opened at $8.09 on Thursday. The stock has a market cap of $89.55 billion, a P/E ratio of 10.58, a PEG ratio of 0.91 and a beta of 0.56. The company’s fifty day simple moving average is $8.02 and its 200-day simple moving average is $8.21. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. Itau Unibanco Holding S.A. has a 52 week low of $6.54 and a 52 week high of $9.60.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Itau Unibanco had a net margin of 26.41% and a return on equity of 21.40%. The firm had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.29 billion. Equities research analysts predict that Itau Unibanco Holding S.A. will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ITUB shares. Weiss Ratings downgraded Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Institutional Trading of Itau Unibanco

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank boosted its stake in Itau Unibanco by 11.1% during the 4th quarter. Huntington National Bank now owns 10,895 shares of the bank’s stock valued at $78,000 after acquiring an additional 1,092 shares during the last quarter. Gould Asset Management LLC CA increased its position in shares of Itau Unibanco by 3.0% in the 4th quarter. Gould Asset Management LLC CA now owns 40,777 shares of the bank’s stock worth $292,000 after purchasing an additional 1,187 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Itau Unibanco by 16.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,441 shares of the bank’s stock worth $79,000 after purchasing an additional 1,306 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of Itau Unibanco by 3.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 46,666 shares of the bank’s stock valued at $334,000 after purchasing an additional 1,357 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Itau Unibanco by 3.7% in the 1st quarter. Stephens Inc. AR now owns 40,445 shares of the bank’s stock valued at $339,000 after purchasing an additional 1,433 shares in the last quarter.

About Itau Unibanco

Itaú Unibanco Holding SA is one of Brazil’s largest financial institutions and provides banking and financial services to individuals, companies and institutional clients. Its offerings include checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, insurance, payment solutions, foreign exchange and investment products.

The company also operates businesses in investment banking, corporate and treasury services, asset management, private banking and wealth management.