Itau Unibanco (NYSE:ITUB) Insider Sells $625,508.34 in Stock

Itau Unibanco Holding S.A. (NYSE:ITUB) insider Vanzo Orestes sold 74,643 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.38, for a total value of $625,508.34. Following the completion of the transaction, the insider owned 933,371 shares in the company, valued at $7,821,648.98. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Vanzo Carlos Orestes also recently made the following trade(s):

• On Tuesday, July 7th, Vanzo Orestes sold 60,000 shares of Itau Unibanco stock. The stock was sold at an average price of $8.24, for a total value of $494,400.00.

Itau Unibanco Price Performance

ITUB stock opened at $8.32 on Friday. The business has a fifty day moving average of $8.02 and a two-hundred day moving average of $8.20. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. The stock has a market cap of $92.20 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.04 and a beta of 0.56. Itau Unibanco Holding S.A. has a 52-week low of $6.54 and a 52-week high of $9.60.

Itau Unibanco (NYSE:ITUB) last posted its earnings results 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 net margin of 26.41% and a return on equity of 21.40%. The business had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.29 billion. As a group, research analysts anticipate that Itau Unibanco Holding S.A. will post 0.87 earnings per share for the current year.

Institutional Trading of Itau Unibanco

A number of large investors have recently modified their holdings of ITUB. Kestra Advisory Services LLC acquired a new position in Itau Unibanco during the 4th quarter worth $31,000. EverSource Wealth Advisors LLC raised its position in 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 in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Itau Unibanco in the 1st quarter valued at about $59,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Itau Unibanco by 486.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock valued at $66,000 after buying an additional 7,436 shares during the period. Finally, Syon Capital LLC acquired a new position in shares of Itau Unibanco during the fourth quarter worth about $72,000.

Analyst Ratings Changes

A number of research analysts have commented on ITUB shares. JPMorgan Chase & Co. upped their target price on shares of Itau Unibanco from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of Itau Unibanco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

About Itau Unibanco

Itaú Unibanco Holding SA is one of Brazil’s largest financial institutions and provides banking and financial services to individuals, companies and institutional clients. Its offerings include checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, insurance, payment solutions, foreign exchange and investment products.

The company also operates businesses in investment banking, corporate and treasury services, asset management, private banking and wealth management.