Itau Unibanco Holding S.A. $ITUB Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC lifted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,246,550 shares of the bank’s stock after purchasing an additional 83,569 shares during the period. Todd Asset Management LLC’s holdings in Itau Unibanco were worth $44,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of ITUB. Orbis Allan Gray Ltd grew its holdings in shares of Itau Unibanco by 104.3% during the second quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank’s stock worth $574,053,000 after buying an additional 43,153,787 shares in the last quarter. Samlyn Capital LLC purchased a new stake in shares of Itau Unibanco during the third quarter worth $99,388,000. Boston Partners grew its holdings in shares of Itau Unibanco by 1,667.7% during the third quarter. Boston Partners now owns 12,413,727 shares of the bank’s stock worth $91,117,000 after buying an additional 11,711,487 shares in the last quarter. Tredje AP fonden purchased a new stake in shares of Itau Unibanco in the third quarter valued at about $53,024,000. Finally, William Blair Investment Management LLC grew its holdings in shares of Itau Unibanco by 24.0% in the fourth quarter. William Blair Investment Management LLC now owns 36,551,763 shares of the bank’s stock valued at $261,679,000 after purchasing an additional 7,081,568 shares during the period.

Analysts Set New Price Targets

ITUB has been the subject of a number of analyst reports. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Itau Unibanco currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Insider Activity

In other news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total transaction of $1,612,296.00. Following the sale, the insider owned 1,637,511 shares of the company’s stock, valued at approximately $14,442,847.02. This represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fajerman Sergio Guillinet sold 39,477 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $9.53, for a total transaction of $376,215.81. Following the sale, the insider directly owned 1,205,642 shares in the company, valued at $11,489,768.26. This represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 292,277 shares of company stock worth $2,646,512 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Itau Unibanco Trading Down 0.1%

NYSE ITUB opened at $7.82 on Monday. The firm’s 50-day moving average is $8.43 and its two-hundred day moving average is $8.08. Itau Unibanco Holding S.A. has a 12 month low of $5.93 and a 12 month high of $9.60. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $86.56 billion, a P/E ratio of 10.72, a PEG ratio of 0.85 and a beta of 0.63.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Tuesday, May 5th. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Itau Unibanco had a net margin of 27.27% and a return on equity of 26.50%. The company had revenue of $9.01 billion during the quarter, compared to analyst estimates of $9.41 billion. On average, sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.88 earnings per share for the current year.

Itau Unibanco Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, March 23rd will be given a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, March 23rd. Itau Unibanco’s dividend payout ratio is currently 4.11%.

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.