Todd Asset Management LLC Buys 83,569 Shares of Itau Unibanco Holding S.A. $ITUB

Todd Asset Management LLC increased its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,246,550 shares of the bank’s stock after acquiring an additional 83,569 shares during the quarter. Todd Asset Management LLC owned about 0.06% of Itau Unibanco worth $44,725,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Itau Unibanco by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 41,387,090 shares of the bank’s stock valued at $303,781,000 after purchasing an additional 369,474 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Itau Unibanco by 18.6% in the 3rd quarter. New York State Common Retirement Fund now owns 6,868,048 shares of the bank’s stock worth $50,411,000 after acquiring an additional 1,079,178 shares during the last quarter. Seafarer Capital Partners LLC increased its stake in Itau Unibanco by 3.0% in the 4th quarter. Seafarer Capital Partners LLC now owns 10,909,142 shares of the bank’s stock worth $78,109,000 after buying an additional 317,742 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Itau Unibanco by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 3,725,339 shares of the bank’s stock worth $27,344,000 after buying an additional 286,200 shares during the period. Finally, Capital Research Global Investors increased its stake in Itau Unibanco by 1.1% in the 3rd quarter. Capital Research Global Investors now owns 29,215,208 shares of the bank’s stock worth $214,437,000 after buying an additional 329,932 shares during the period.

Itau Unibanco Stock Down 0.1%

NYSE:ITUB opened at $7.82 on Monday. The company has a market cap of $86.56 billion, a PE ratio of 10.72, a P/E/G ratio of 0.85 and a beta of 0.63. Itau Unibanco Holding S.A. has a twelve month low of $5.93 and a twelve month high of $9.60. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. The company’s 50 day moving average is $8.43 and its two-hundred day moving average is $8.08.

Itau Unibanco (NYSE:ITUB) last released its earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Itau Unibanco had a return on equity of 26.50% and a net margin of 27.27%. Analysts anticipate that Itau Unibanco Holding S.A. will post 0.88 EPS for the current year.

Itau Unibanco Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, March 23rd. Itau Unibanco’s payout ratio is currently 4.11%.

Insider Activity at Itau Unibanco

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total transaction of $1,612,296.00. Following the sale, the insider owned 1,637,511 shares of the company’s stock, valued at approximately $14,442,847.02. The trade was a 10.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Fajerman Sergio Guillinet sold 39,477 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $9.53, for a total transaction of $376,215.81. Following the sale, the insider directly owned 1,205,642 shares in the company, valued at approximately $11,489,768.26. This represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 292,277 shares of company stock worth $2,646,512. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. raised their price target 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.