Moran Wealth Management LLC Increases Stock Position in Itau Unibanco Holding S.A. $ITUB

Moran Wealth Management LLC increased its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,011,349 shares of the bank’s stock after acquiring an additional 94,609 shares during the quarter. Moran Wealth Management LLC’s holdings in Itau Unibanco were worth $8,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC boosted its stake in Itau Unibanco by 6.3% during the 4th quarter. GQG Partners LLC now owns 96,959,405 shares of the bank’s stock worth $694,229,000 after purchasing an additional 5,737,696 shares during the period. Orbis Allan Gray Ltd increased its stake in Itau Unibanco by 104.3% in the second quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank’s stock valued at $574,053,000 after purchasing an additional 43,153,787 shares during the period. Schroder Investment Management Group increased its stake in Itau Unibanco by 4.9% in the third quarter. Schroder Investment Management Group now owns 74,529,975 shares of the bank’s stock valued at $546,305,000 after purchasing an additional 3,511,303 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Itau Unibanco by 3.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 63,525,566 shares of the bank’s stock valued at $454,843,000 after buying an additional 2,394,121 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Itau Unibanco by 1.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 58,581,150 shares of the bank’s stock valued at $419,441,000 after buying an additional 956,962 shares during the last quarter.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $8.12 on Friday. The firm’s fifty day moving average price is $8.04 and its 200 day moving average price is $8.19. Itau Unibanco Holding S.A. has a 1-year low of $5.93 and a 1-year high of $9.60. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $89.98 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.87 and a beta of 0.58.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $9.01 billion during 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%. On average, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Announces Dividend

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

Insider Transactions at Itau Unibanco

In other Itau Unibanco news, insider Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total value of $469,000.00. Following the sale, the insider owned 1,265,119 shares of the company’s stock, valued at approximately $11,866,816.22. The trade was a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,612,296.00. Following the transaction, the insider owned 1,637,511 shares in the company, valued at $14,442,847.02. The trade was a 10.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 292,277 shares of company stock worth $2,646,512. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

ITUB has been the topic of a number of research reports. Zacks Research lowered Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research note on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

About Itau Unibanco

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.