Insider Selling: Itau Unibanco (NYSE:ITUB) Insider Sells $469,000.00 in Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total transaction of $469,000.00. Following the sale, the insider owned 1,265,119 shares of the company’s stock, valued at approximately $11,866,816.22. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.

Itau Unibanco Trading Up 0.5%

NYSE ITUB opened at $9.38 on Friday. The firm has a 50 day simple moving average of $8.70 and a 200-day simple moving average of $7.83. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.58 and a current ratio of 1.79. Itau Unibanco Holding S.A. has a one year low of $5.46 and a one year high of $9.60. The firm has a market cap of $103.84 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.02 and a beta of 0.65.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.98 billion. Equities research analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Stockholders 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 presently 4.29%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GQG Partners LLC lifted its stake in Itau Unibanco by 6.3% in the fourth quarter. GQG Partners LLC now owns 96,959,405 shares of the bank’s stock worth $694,229,000 after acquiring an additional 5,737,696 shares during the last quarter. Orbis Allan Gray Ltd lifted its stake in Itau Unibanco by 104.3% in the second quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank’s stock worth $574,053,000 after acquiring an additional 43,153,787 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Itau Unibanco by 4.9% during the 3rd quarter. Schroder Investment Management Group now owns 74,529,975 shares of the bank’s stock worth $546,305,000 after buying an additional 3,511,303 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Itau Unibanco by 3.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 63,525,566 shares of the bank’s stock worth $454,843,000 after buying an additional 2,394,121 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Itau Unibanco by 1.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 58,581,150 shares of the bank’s stock worth $419,441,000 after buying an additional 956,962 shares during 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.