Traders Sell Itau Unibanco (ITUB) on Strength (ITUB)

Traders sold shares of Itau Unibanco Holding SA (NYSE:ITUB) on strength during trading on Wednesday. $30.34 million flowed into the stock on the tick-up and $121.26 million flowed out of the stock on the tick-down, for a money net flow of $90.92 million out of the stock. Of all stocks tracked, Itau Unibanco had the 0th highest net out-flow for the day. Itau Unibanco traded up $0.18 for the day and closed at $13.71

ITUB has been the subject of several analyst reports. Zacks Investment Research lowered Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine cut Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. BidaskClub cut Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, Deutsche Bank upgraded Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.25.

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $89,289.12, a P/E ratio of 12.07, a P/E/G ratio of 1.53 and a beta of 1.59.

The company also recently declared a None dividend, which will be paid on Monday, February 12th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.004 per share. This represents a yield of 0.42%. The ex-dividend date is Tuesday, January 2nd. Itau Unibanco’s dividend payout ratio (DPR) is 4.35%.

Itau Unibanco declared that its board has approved a share repurchase program on Monday, December 18th that permits the company to buyback 28,620,000 outstanding shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in the business. Harding Loevner LP lifted its stake in Itau Unibanco by 225.1% during the third quarter. Harding Loevner LP now owns 193,057,699 shares of the bank’s stock worth $774,895,000 after purchasing an additional 133,670,409 shares in the last quarter. BlackRock Inc. raised its stake in shares of Itau Unibanco by 3.8% in the second quarter. BlackRock Inc. now owns 47,252,547 shares of the bank’s stock valued at $522,140,000 after acquiring an additional 1,733,626 shares in the last quarter. Capital World Investors raised its stake in shares of Itau Unibanco by 1.1% in the second quarter. Capital World Investors now owns 41,357,500 shares of the bank’s stock valued at $457,000,000 after acquiring an additional 435,500 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Itau Unibanco by 3.0% in the second quarter. Vanguard Group Inc. now owns 40,256,415 shares of the bank’s stock valued at $444,833,000 after acquiring an additional 1,166,338 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Itau Unibanco by 1.9% in the third quarter. JPMorgan Chase & Co. now owns 32,923,292 shares of the bank’s stock valued at $444,464,000 after acquiring an additional 627,005 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

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About Itau Unibanco

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

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