Strs Ohio Sells 104,396 Shares of Itau Unibanco Holding S.A. $ITUB

Strs Ohio cut its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 13.2% during the first quarter, Holdings Channel reports. The fund owned 686,170 shares of the bank’s stock after selling 104,396 shares during the period. Strs Ohio’s holdings in Itau Unibanco were worth $5,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ITUB. Seafarer Capital Partners LLC raised its stake in shares of Itau Unibanco by 3.0% in the fourth quarter. Seafarer Capital Partners LLC now owns 10,909,142 shares of the bank’s stock worth $78,109,000 after acquiring an additional 317,742 shares during the last quarter. Capital Research Global Investors raised its position in Itau Unibanco by 1.1% in the 3rd quarter. Capital Research Global Investors now owns 29,215,208 shares of the bank’s stock worth $214,437,000 after purchasing an additional 329,932 shares during the last quarter. Mirabaud Asset Management Ltd acquired a new position in Itau Unibanco during the 4th quarter worth $1,234,000. Northcape Capital Pty Ltd boosted its position in Itau Unibanco by 31.7% in the 4th quarter. Northcape Capital Pty Ltd now owns 12,904,308 shares of the bank’s stock valued at $96,137,000 after buying an additional 3,106,618 shares during the last quarter. Finally, Boston Common Asset Management LLC increased its stake in shares of Itau Unibanco by 62.4% in the 4th quarter. Boston Common Asset Management LLC now owns 2,461,883 shares of the bank’s stock valued at $17,627,000 after buying an additional 945,545 shares during the period.

Insider Activity

In related news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total value of $1,612,296.00. Following the sale, the insider directly owned 1,637,511 shares of the company’s stock, valued at approximately $14,442,847.02. The trade was a 10.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the company’s 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 transaction, the insider directly owned 1,265,119 shares of the company’s stock, valued at approximately $11,866,816.22. This trade represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 292,277 shares of company stock worth $2,646,512. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ITUB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Itau Unibanco in a report on Wednesday, June 17th. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Itau Unibanco Trading Down 0.2%

NYSE:ITUB traded down $0.01 during trading hours on Tuesday, hitting $8.28. The stock had a trading volume of 3,359,601 shares, compared to its average volume of 25,082,668. Itau Unibanco Holding S.A. has a one year low of $5.93 and a one year high of $9.60. 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 company has a market cap of $91.66 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.87 and a beta of 0.58. The business’s 50 day moving average is $8.04 and its 200-day moving average is $8.19.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 EPS for the current fiscal year.

Itau Unibanco Dividend Announcement

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

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.