Itau Unibanco (NYSE:ITUB) Insider Fajerman Sergio Guillinet Sells 39,477 Shares of Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Fajerman Sergio Guillinet sold 39,477 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $9.53, for a total value of $376,215.81. Following the completion of the transaction, the insider owned 1,205,642 shares in the company, valued at approximately $11,489,768.26. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 1.0%

Shares of NYSE ITUB opened at $9.29 on Tuesday. The stock’s 50 day moving average price is $8.70 and its two-hundred day moving average price is $7.85. Itau Unibanco Holding S.A. has a 52-week low of $5.46 and a 52-week high of $9.60. The stock has a market capitalization of $102.84 billion, a P/E ratio of 13.19, a PEG ratio of 1.03 and a beta of 0.65. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Thursday, February 5th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.98 billion. Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. On average, analysts anticipate that Itau Unibanco Holding S.A. will post 0.87 earnings per share 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. Stockholders of record on Monday, March 23rd will be given a dividend of $0.068 per share. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s dividend payout ratio is presently 4.29%.

Institutional Trading of Itau Unibanco

Several large investors have recently added to or reduced their stakes in ITUB. Royal Bank of Canada boosted its stake in shares of Itau Unibanco by 11.7% during the 1st quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock worth $2,450,000 after acquiring an additional 46,608 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Itau Unibanco by 28.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock worth $27,482,000 after acquiring an additional 1,107,607 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Itau Unibanco by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after acquiring an additional 5,355 shares during the period. Guggenheim Capital LLC lifted its position in shares of Itau Unibanco by 11.7% during the 2nd quarter. Guggenheim Capital LLC now owns 118,405 shares of the bank’s stock worth $804,000 after buying an additional 12,442 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Itau Unibanco by 425.3% during the 2nd quarter. First Trust Advisors LP now owns 356,467 shares of the bank’s stock worth $2,420,000 after buying an additional 288,602 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITUB. JPMorgan Chase & Co. increased their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. Finally, Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Itau Unibanco currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

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.