BTG Pactual Asset Management US LLC Has $11.85 Million Stake in Itau Unibanco Holding S.A. $ITUB

BTG Pactual Asset Management US LLC raised its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,450,962 shares of the bank’s stock after acquiring an additional 107,153 shares during the period. Itau Unibanco makes up 0.7% of BTG Pactual Asset Management US LLC’s holdings, making the stock its 23rd largest position. BTG Pactual Asset Management US LLC’s holdings in Itau Unibanco were worth $11,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in Itau Unibanco in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Itau Unibanco by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after purchasing an additional 5,355 shares during the period. Farther Finance Advisors LLC raised its position in Itau Unibanco by 40.1% in the 4th quarter. Farther Finance Advisors LLC now owns 6,642 shares of the bank’s stock valued at $48,000 after buying an additional 1,901 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Itau Unibanco in the first quarter valued at approximately $59,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Itau Unibanco by 486.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock worth $66,000 after buying an additional 7,436 shares in the last quarter.

Itau Unibanco Stock Performance

ITUB opened at $7.51 on Monday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.08. Itau Unibanco Holding S.A. has a 52-week low of $6.54 and a 52-week high of $9.60. The firm has a market cap of $83.18 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.81 and a beta of 0.58. The business’s fifty day moving average is $8.02 and its 200-day moving average is $8.28.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, August 4th. The bank reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $9.29 billion. Itau Unibanco had a return on equity of 21.40% and a net margin of 26.41%. Sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.88 EPS for the current fiscal year.

Insider Activity at Itau Unibanco

In other news, insider Vanzo Carlos Orestes sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $8.24, for a total transaction of $494,400.00. Following the completion of the sale, the insider owned 1,008,014 shares of the company’s stock, valued at approximately $8,306,035.36. This represents a 5.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings cut Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.00.

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.