1,109,240 Itau Unibanco Holding S.A. $ITUB Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC trimmed its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 81.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,673 shares of the bank’s stock after selling 1,109,240 shares during the quarter. Itau Unibanco makes up about 0.9% of Matthews International Capital Management LLC’s holdings, making the stock its 26th biggest position. Matthews International Capital Management LLC’s holdings in Itau Unibanco were worth $2,113,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gryphon Financial Partners LLC increased its stake in Itau Unibanco by 3.4% in the 3rd quarter. Gryphon Financial Partners LLC now owns 60,820 shares of the bank’s stock valued at $519,000 after buying an additional 1,976 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Itau Unibanco by 17.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 88,179 shares of the bank’s stock worth $745,000 after acquiring an additional 12,792 shares during the period. Euro Pacific Asset Management LLC lifted its stake in shares of Itau Unibanco by 0.4% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 426,002 shares of the bank’s stock worth $3,634,000 after acquiring an additional 1,516 shares during the period. Parallel Advisors LLC lifted its stake in shares of Itau Unibanco by 8.7% in the 3rd quarter. Parallel Advisors LLC now owns 18,251 shares of the bank’s stock worth $156,000 after acquiring an additional 1,456 shares during the period. Finally, May Hill Capital LLC boosted its holdings in shares of Itau Unibanco by 49.2% in the third quarter. May Hill Capital LLC now owns 29,428 shares of the bank’s stock valued at $251,000 after acquiring an additional 9,708 shares in the last quarter.

Insiders Place Their Bets

In other Itau Unibanco news, insider Vanzo Orestes sold 74,643 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.38, for a total transaction of $625,508.34. Following the completion of the sale, the insider owned 933,371 shares of the company’s stock, valued at approximately $7,821,648.98. The trade was a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Itau Unibanco Trading Down 2.1%

Shares of Itau Unibanco stock opened at $7.40 on Wednesday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.51 and a quick ratio of 1.08. Itau Unibanco Holding S.A. has a 1 year low of $6.82 and a 1 year high of $10.20. The company has a market capitalization of $81.94 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.94 and a beta of 0.58. The business has a 50 day moving average price of $8.48 and a 200 day moving average price of $8.35.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, November 3rd. The bank reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Itau Unibanco had a net margin of 26.19% and a return on equity of 21.45%. The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.57 billion. Sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ITUB has been the subject of a number of analyst reports. Wall Street Zen raised Itau Unibanco to a “hold” rating in a research note on Saturday, October 17th. HSBC cut Itau Unibanco from a “buy” rating to a “hold” rating and set a $9.10 price target for the company. in a report on Thursday, October 8th. The Goldman Sachs Group restated a “buy” rating and issued a $10.50 price target (up from $9.30) on shares of Itau Unibanco in a research note on Friday, October 9th. Finally, Weiss Ratings lowered Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Itau Unibanco has an average rating of “Moderate Buy” and a consensus target price of $9.87.

About Itau Unibanco

Itaú Unibanco is a Brazilian financial services company headquartered in São Paulo. It was formed in 2008 through the merger of Banco Itaú and Unibanco and serves individuals, businesses and institutional clients. The company provides retail and commercial banking services, including deposit accounts, loans, credit cards and payment solutions. Its other activities include investment banking, asset and wealth management, insurance and related financial services. Itaú Unibanco operates primarily in Brazil and also has a presence in other markets in Latin America and internationally.