Public Employees Retirement System of Ohio Has $27.94 Million Holdings in Itau Unibanco Holding S.A. $ITUB

Public Employees Retirement System of Ohio lessened its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 10.4% during the second quarter, HoldingsChannel.com reports. The fund owned 3,419,512 shares of the bank’s stock after selling 398,510 shares during the period. Public Employees Retirement System of Ohio’s holdings in Itau Unibanco were worth $27,937,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ITUB. Royal Bank of Canada increased its position in Itau Unibanco by 11.7% during the 1st quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock worth $2,450,000 after purchasing an additional 46,608 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Itau Unibanco by 28.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock valued at $27,482,000 after purchasing an additional 1,107,607 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Itau Unibanco by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after buying an additional 5,355 shares in the last quarter. Guggenheim Capital LLC boosted its position in Itau Unibanco by 11.7% in the second quarter. Guggenheim Capital LLC now owns 118,405 shares of the bank’s stock valued at $804,000 after buying an additional 12,442 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Itau Unibanco by 425.3% during the second quarter. First Trust Advisors LP now owns 356,467 shares of the bank’s stock worth $2,420,000 after buying an additional 288,602 shares during the last quarter.

Itau Unibanco Stock Performance

Shares of ITUB opened at $7.51 on Friday. The firm’s fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $8.29. Itau Unibanco Holding S.A. has a 12 month low of $6.54 and a 12 month high of $9.60. The stock has a market capitalization of $83.18 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.81 and a beta of 0.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44.

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

Insiders Place Their Bets

In other Itau Unibanco news, insider Vanzo Carlos Orestes sold 60,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $8.24, for a total value of $494,400.00. Following the transaction, the insider owned 1,008,014 shares in the company, valued at approximately $8,306,035.36. This represents a 5.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

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

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.