Eurizon Capital SGR S.p.A. Makes New $5.28 Million Investment in Itau Unibanco Holding S.A. $ITUB

Eurizon Capital SGR S.p.A. bought a new position in Itau Unibanco Holding S.A. (NYSE:ITUB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 736,872 shares of the bank’s stock, valued at approximately $5,283,000.

A number of other large investors have also recently bought and sold shares of the business. Huntington National Bank lifted its holdings in Itau Unibanco by 11.1% in the fourth quarter. Huntington National Bank now owns 10,895 shares of the bank’s stock worth $78,000 after acquiring an additional 1,092 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Itau Unibanco by 19.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,135 shares of the bank’s stock worth $58,000 after acquiring an additional 1,341 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Itau Unibanco by 3.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 46,666 shares of the bank’s stock worth $334,000 after acquiring an additional 1,357 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in Itau Unibanco by 3.1% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 51,326 shares of the bank’s stock worth $367,000 after acquiring an additional 1,521 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Itau Unibanco by 6.3% during the fourth quarter. HighTower Advisors LLC now owns 29,924 shares of the bank’s stock valued at $214,000 after buying an additional 1,785 shares during the last quarter.

Insider Activity at Itau Unibanco

In related 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 stock was 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 $14,442,847.02. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value 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. The trade was a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. JPMorgan Chase & Co. lifted their price target on Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Two 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Itau Unibanco Price Performance

Shares of NYSE:ITUB opened at $7.80 on Tuesday. Itau Unibanco Holding S.A. has a 12 month low of $5.93 and a 12 month high of $9.60. The stock has a market cap of $86.34 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.85 and a beta of 0.59. The stock’s 50 day moving average price is $8.40 and its 200 day moving average price is $8.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79.

Itau Unibanco (NYSE:ITUB) last announced its earnings results on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%.The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $9.41 billion. Equities research analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current fiscal year.

Itau Unibanco Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, June 22nd will be issued a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, June 22nd. Itau Unibanco’s payout ratio is presently 4.11%.

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.