SG Americas Securities LLC Boosts Stake in Itau Unibanco Holding S.A. $ITUB

SG Americas Securities LLC increased its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 187.8% during the first quarter, HoldingsChannel reports. The firm owned 101,879 shares of the bank’s stock after buying an additional 66,484 shares during the period. SG Americas Securities LLC’s holdings in Itau Unibanco were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Orbis Allan Gray Ltd increased its holdings in Itau Unibanco by 104.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank’s stock worth $574,053,000 after buying an additional 43,153,787 shares in the last quarter. Viking Global Investors LP bought a new position in Itau Unibanco during the 4th quarter valued at about $203,319,000. Samlyn Capital LLC bought a new position in Itau Unibanco during the 3rd quarter valued at about $99,388,000. Boston Partners boosted its holdings in shares of Itau Unibanco by 1,667.7% during the 3rd quarter. Boston Partners now owns 12,413,727 shares of the bank’s stock valued at $91,117,000 after acquiring an additional 11,711,487 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Itau Unibanco by 24.0% during the 4th quarter. William Blair Investment Management LLC now owns 36,551,763 shares of the bank’s stock valued at $261,679,000 after acquiring an additional 7,081,568 shares during the last quarter.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ITUB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a report on Wednesday, June 17th. Zacks Research cut shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Itau Unibanco Stock Up 0.0%

Itau Unibanco stock opened at $8.12 on Monday. Itau Unibanco Holding S.A. has a one year low of $5.93 and a one year high of $9.60. The stock has a fifty day moving average of $8.04 and a 200 day moving average of $8.19. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $89.98 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 0.87 and a beta of 0.58.

Itau Unibanco (NYSE:ITUB) last announced its earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%. As a group, sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Announces Dividend

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

Itau Unibanco 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.