Euro Pacific Asset Management LLC Grows Position in Itau Unibanco Holding S.A. $ITUB

Euro Pacific Asset Management LLC grew its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 123.8% in the first quarter, HoldingsChannel.com reports. The fund owned 424,856 shares of the bank’s stock after purchasing an additional 235,029 shares during the period. Euro Pacific Asset Management LLC’s holdings in Itau Unibanco were worth $3,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ITUB. Kestra Advisory Services LLC purchased a new stake in Itau Unibanco in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Itau Unibanco by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after buying an additional 5,355 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Itau Unibanco by 40.1% in the 4th quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock worth $48,000 after buying an additional 1,901 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Itau Unibanco during the 1st quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on ITUB. Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a research note on Wednesday, June 17th. JPMorgan Chase & Co. lifted 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Insiders Place Their Bets

In related news, insider Vanzo Carlos Orestes sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $8.24, for a total transaction of $494,400.00. Following the transaction, the insider directly owned 1,008,014 shares in the company, valued at $8,306,035.36. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

Itau Unibanco Price Performance

Shares of NYSE:ITUB opened at $8.21 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.53. The stock has a market cap of $90.88 billion, a PE ratio of 11.25, a PEG ratio of 0.89 and a beta of 0.58. The company’s fifty day moving average is $7.99 and its 200 day moving average is $8.28. Itau Unibanco Holding S.A. has a 52 week low of $5.93 and a 52 week high of $9.60.

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 the consensus estimate of $0.22 by ($0.02). Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. The business had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Research analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current year.

Itau Unibanco Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, June 22nd will be issued a dividend of $0.068 per share. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s dividend payout ratio is currently 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.