Insider Selling: Itau Unibanco (NYSE:ITUB) Insider Sells $376,215.81 in Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Fajerman Sergio Guillinet sold 39,477 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $9.53, for a total transaction of $376,215.81. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Fajerman Sergio Guillinet also recently made the following trade(s):

• On Wednesday, April 15th, Fajerman Sergio Guillinet sold 20,000 shares of Itau Unibanco stock. The shares were sold at an average price of $9.45, for a total transaction of $189,000.00.
• On Tuesday, April 14th, Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock. The shares were sold at an average price of $9.38, for a total transaction of $469,000.00.

Itau Unibanco Trading Down 0.8%

Shares of Itau Unibanco stock opened at $9.02 on Thursday. The firm has a market capitalization of $99.85 billion, a PE ratio of 12.81, a P/E/G ratio of 0.99 and a beta of 0.65. Itau Unibanco Holding S.A. has a twelve month low of $5.76 and a twelve month high of $9.60. The firm’s 50-day moving average price is $8.68 and its 200 day moving average price is $7.88. The company has a current ratio of 1.79, a quick ratio of 1.58 and a debt-to-equity ratio of 2.61.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.98 billion. Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. On average, sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.87 EPS for the current fiscal year.

Itau Unibanco Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be paid a $0.068 dividend. The ex-dividend date of this dividend is Monday, March 23rd. Itau Unibanco’s dividend payout ratio (DPR) is currently 4.29%.

Analyst Ratings Changes

A number of research analysts have weighed in on ITUB shares. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Huntington National Bank lifted its stake in Itau Unibanco by 11.1% in the 4th quarter. Huntington National Bank now owns 10,895 shares of the bank’s stock worth $78,000 after purchasing an additional 1,092 shares in the last quarter. Gould Asset Management LLC CA lifted its stake in 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 in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Itau Unibanco by 19.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,135 shares of the bank’s stock worth $58,000 after purchasing an additional 1,341 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in 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 worth $334,000 after purchasing an additional 1,357 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Itau Unibanco by 7.4% in the 4th quarter. Captrust Financial Advisors now owns 20,684 shares of the bank’s stock worth $148,000 after purchasing an additional 1,434 shares in the last quarter.

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.