USS Investment Management Ltd Has $20.51 Million Stock Holdings in Itau Unibanco Holding S.A. $ITUB

USS Investment Management Ltd boosted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,861,917 shares of the bank’s stock after buying an additional 83,356 shares during the quarter. USS Investment Management Ltd’s holdings in Itau Unibanco were worth $20,506,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its position in Itau Unibanco by 20.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 84,297 shares of the bank’s stock valued at $604,000 after buying an additional 14,282 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Itau Unibanco in the 4th quarter valued at approximately $1,430,000. MML Investors Services LLC raised its position in Itau Unibanco by 33.1% in the 4th quarter. MML Investors Services LLC now owns 52,393 shares of the bank’s stock valued at $375,000 after buying an additional 13,035 shares during the last quarter. Mariner LLC raised its position in Itau Unibanco by 8.3% in the 4th quarter. Mariner LLC now owns 147,128 shares of the bank’s stock valued at $1,054,000 after buying an additional 11,285 shares during the last quarter. Finally, Arax Advisory Partners raised its position in Itau Unibanco by 1,768.5% in the 4th quarter. Arax Advisory Partners now owns 10,314 shares of the bank’s stock valued at $74,000 after buying an additional 9,762 shares during the last quarter.

Insider Buying and Selling

In other 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 completion of the sale, the insider directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Fajerman Sergio Guillinet sold 39,477 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $9.53, for a total value of $376,215.81. Following the completion of the sale, the insider directly owned 1,205,642 shares of the company’s stock, valued at approximately $11,489,768.26. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 292,277 shares of company stock valued at $2,646,512. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

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

Itau Unibanco Stock Performance

Shares of NYSE ITUB opened at $7.99 on Monday. Itau Unibanco Holding S.A. has a 52 week low of $5.93 and a 52 week high of $9.60. The stock has a market capitalization of $88.44 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.86 and a beta of 0.59. The stock has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.13. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.79 and a current ratio of 1.79.

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

Itau Unibanco Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, June 22nd will be given a $0.068 dividend. The ex-dividend date of this dividend is Monday, June 22nd. Itau Unibanco’s dividend payout ratio (DPR) is presently 65.75%.

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.