Banque Cantonale Vaudoise Buys 170,168 Shares of Itau Unibanco Holding S.A. $ITUB

Banque Cantonale Vaudoise lifted its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 55.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 478,138 shares of the bank’s stock after acquiring an additional 170,168 shares during the period. Banque Cantonale Vaudoise’s holdings in Itau Unibanco were worth $4,007,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ITUB. SG Americas Securities LLC grew its holdings in Itau Unibanco by 187.8% in the first quarter. SG Americas Securities LLC now owns 101,879 shares of the bank’s stock worth $854,000 after purchasing an additional 66,484 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Itau Unibanco by 6.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 701,153 shares of the bank’s stock valued at $5,876,000 after purchasing an additional 42,221 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Itau Unibanco by 2.7% during the fourth quarter. Hsbc Holdings PLC now owns 4,968,641 shares of the bank’s stock valued at $35,557,000 after purchasing an additional 130,998 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Itau Unibanco by 498.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 40,594 shares of the bank’s stock worth $291,000 after purchasing an additional 33,816 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Itau Unibanco by 35.0% during the 4th quarter. Corient Private Wealth LLC now owns 55,542 shares of the bank’s stock worth $398,000 after purchasing an additional 14,411 shares in the last quarter.

Insider Activity

In related news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 1,637,511 shares of the company’s stock, valued at approximately $14,442,847.02. This trade represents a 10.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of Itau Unibanco stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total value of $469,000.00. Following the transaction, the insider owned 1,265,119 shares of the company’s stock, valued at $11,866,816.22. This trade represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 292,277 shares of company stock worth $2,646,512. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research report on Wednesday, June 17th. Zacks Research lowered Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Itau Unibanco currently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Itau Unibanco Stock Performance

NYSE ITUB opened at $8.04 on Friday. The company has a market cap of $89.00 billion, a P/E ratio of 11.02, a PEG ratio of 0.85 and a beta of 0.59. The company has a fifty day simple moving average of $8.17 and a 200 day simple moving average of $8.15. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. Itau Unibanco Holding S.A. has a 12-month low of $5.93 and a 12-month high of $9.60.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data 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 net margin of 27.27% and a return on equity of 21.27%. The business had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $9.41 billion. Sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.89 earnings per share for the current fiscal year.

Itau Unibanco Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, June 22nd will be issued a $0.068 dividend. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s dividend payout ratio is currently 65.75%.

Itau Unibanco 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.