Itau Unibanco Holding S.A. $ITUB Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 3,536,156 shares of the bank’s stock after purchasing an additional 223,846 shares during the period. First Eagle Investment Management LLC’s holdings in Itau Unibanco were worth $28,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ITUB. Huntington National Bank boosted its holdings in 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 buying an additional 1,092 shares in the last quarter. Gould Asset Management LLC CA increased its holdings in shares of Itau Unibanco by 3.0% in the fourth quarter. Gould Asset Management LLC CA now owns 40,777 shares of the bank’s stock valued at $292,000 after buying an additional 1,187 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Itau Unibanco by 16.1% in the first quarter. EverSource Wealth Advisors LLC now owns 9,441 shares of the bank’s stock valued at $79,000 after buying an additional 1,306 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of Itau Unibanco by 3.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 46,666 shares of the bank’s stock valued at $334,000 after acquiring an additional 1,357 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of Itau Unibanco by 3.7% during the 1st quarter. Stephens Inc. AR now owns 40,445 shares of the bank’s stock valued at $339,000 after acquiring an additional 1,433 shares during the last quarter.

Itau Unibanco Price Performance

ITUB stock opened at $8.15 on Monday. Itau Unibanco Holding S.A. has a 52-week low of $6.54 and a 52-week high of $9.60. The company’s 50 day simple moving average is $8.02 and its 200-day simple moving average is $8.23. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $90.27 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.88 and a beta of 0.56.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, August 4th. The bank reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Itau Unibanco had a return on equity of 21.40% and a net margin of 26.41%.The firm had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.29 billion. As a group, equities research analysts anticipate that Itau Unibanco Holding S.A. will post 0.88 EPS for the current year.

Insider Activity

In other news, insider Vanzo Orestes sold 60,000 shares of Itau Unibanco stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $8.24, for a total transaction of $494,400.00. Following the transaction, the insider owned 1,008,014 shares in the company, valued at approximately $8,306,035.36. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

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