Longfellow Investment Management Co. LLC Sells 136,423 Shares of Itau Unibanco Holding S.A. $ITUB

Longfellow Investment Management Co. LLC lessened its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 36.9% in the fourth quarter, HoldingsChannel reports. The fund owned 233,497 shares of the bank’s stock after selling 136,423 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Itau Unibanco were worth $1,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Itau Unibanco by 11.1% during 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 period. EverSource Wealth Advisors LLC boosted its holdings in shares of Itau Unibanco by 19.7% during 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 period. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Itau Unibanco by 3.0% during 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 period. Pekin Hardy Strauss Inc. boosted its holdings in shares of Itau Unibanco by 3.1% during 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 period. Finally, HighTower Advisors LLC raised its position in shares of Itau Unibanco by 6.3% in 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 in the last quarter.

Analysts Set New Price Targets

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

Itau Unibanco Stock Performance

Shares of NYSE ITUB opened at $7.55 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $83.57 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.81 and a beta of 0.59. The business’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $8.11. Itau Unibanco Holding S.A. has a 52 week low of $5.93 and a 52 week high of $9.60.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $9.01 billion for the quarter, compared to analyst estimates of $9.41 billion. Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. As a group, equities research analysts expect that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current fiscal year.

Itau Unibanco Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Stockholders 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 dividend payout ratio is currently 4.11%.

Insider Transactions at Itau Unibanco

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the firm’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 value 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. This trade represents a 10.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total value of $469,000.00. Following the completion of the sale, the insider directly owned 1,265,119 shares in the company, valued at $11,866,816.22. This trade represents a 3.80% 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 currently owned by insiders.

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.