Vanzo Carlos Orestes Sells 60,000 Shares of Itau Unibanco (NYSE:ITUB) Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Vanzo Carlos Orestes sold 60,000 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $8.24, for a total value of $494,400.00. Following the transaction, the insider directly owned 1,008,014 shares in the company, valued at $8,306,035.36. The trade was a 5.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Itau Unibanco Stock Performance

ITUB stock opened at $8.28 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50-day moving average price of $8.00 and a 200 day moving average price of $8.23. The company has a market capitalization of $91.66 billion, a P/E ratio of 11.35, a PEG ratio of 0.88 and a beta of 0.58. Itau Unibanco Holding S.A. has a 1-year low of $5.93 and a 1-year high of $9.60.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%.The business had revenue of $9.01 billion during the quarter, compared to analysts’ expectations of $9.41 billion. As a group, equities research analysts forecast that Itau Unibanco Holding S.A. will post 0.89 EPS for the current fiscal year.

Itau Unibanco Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in Itau Unibanco in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Itau Unibanco by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after purchasing an additional 5,355 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Itau Unibanco by 40.1% during the fourth quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock worth $48,000 after purchasing an additional 1,901 shares in the last quarter. Community Bank N.A. acquired a new position in shares of Itau Unibanco during the third quarter worth $57,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Itau Unibanco during the 1st quarter valued at $59,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. increased their target price on Itau Unibanco from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.00.

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.