Itau Unibanco Holding S.A. $ITUB Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 69.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,395 shares of the bank’s stock after selling 80,021 shares during the quarter. SG Americas Securities LLC’s holdings in Itau Unibanco were worth $253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ITUB. EverSource Wealth Advisors LLC increased its stake in shares of 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 during the period. Community Bank N.A. acquired a new position in shares of Itau Unibanco during the third quarter worth about $57,000. First Horizon Corp acquired a new position in shares of Itau Unibanco during the third quarter worth about $60,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Itau Unibanco by 486.0% during the third 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 during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Itau Unibanco by 17.5% during the third quarter. Park Avenue Securities LLC now owns 12,022 shares of the bank’s stock worth $88,000 after acquiring an additional 1,790 shares during the period.

Itau Unibanco Trading Up 0.9%

Shares of ITUB opened at $9.40 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.58 and a debt-to-equity ratio of 2.61. The firm’s 50-day moving average is $8.68 and its two-hundred day moving average is $7.80. Itau Unibanco Holding S.A. has a twelve month low of $5.37 and a twelve month high of $9.60. The firm has a market capitalization of $104.06 billion, a P/E ratio of 13.35, a PEG ratio of 1.02 and a beta of 0.65.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%.The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.98 billion. On average, research analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.068 per share. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s dividend payout ratio is presently 4.29%.

Insiders Place Their Bets

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. This represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ITUB shares. JPMorgan Chase & Co. raised their target price on Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a report on Monday, December 29th. Finally, Zacks Research downgraded 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Itau Unibanco has an average rating of “Moderate Buy” and an average target price of $9.00.

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.