Itau Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC has significantly reduced its stake in Itau Unibanco, selling 162,657 shares and decreasing its ownership by 96.6% during the 1st quarter, leaving it with just 5,801 shares valued at $32,000.
• Multiple large investors, including Bessemer Group Inc. and Parallel Advisors LLC, have recently altered their positions in Itau Unibanco, with some significantly increasing their holdings.
• Itau Unibanco's stock has experienced a decline of 1.3%, trading at $7.01, while its latest earnings report showed a net margin of 14.05% and earnings per share of $0.18, matching analyst expectations.

Headlands Technologies LLC cut its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 96.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,801 shares of the bank's stock after selling 162,657 shares during the period. Headlands Technologies LLC's holdings in Itau Unibanco were worth $32,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new position in shares of Itau Unibanco during the fourth quarter valued at about $35,000. Parallel Advisors LLC increased its stake in shares of Itau Unibanco by 707.1% in the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock worth $43,000 after purchasing an additional 6,781 shares in the last quarter. Alta Capital Management LLC bought a new position in shares of Itau Unibanco during the first quarter worth $62,000. Tuttle Capital Management LLC bought a new position in shares of Itau Unibanco during the first quarter worth $67,000. Finally, Waverly Advisors LLC bought a new position in Itau Unibanco during the fourth quarter valued at $67,000.

Itau Unibanco Stock Down 0.1%

Shares of Itau Unibanco stock traded down $0.01 on Friday, reaching $6.96. The stock had a trading volume of 27,047,154 shares, compared to its average volume of 29,769,468. The company has a 50 day moving average price of $6.60 and a 200 day moving average price of $6.05. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $7.13. The stock has a market capitalization of $75.04 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.08 and a beta of 0.74.

Itau Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. As a group, equities research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.0024 per share. This represents a yield of 43.0%. The ex-dividend date was Wednesday, July 2nd. Itau Unibanco's payout ratio is presently 4.23%.

Analysts Set New Price Targets

Separately, UBS Group restated a "neutral" rating on shares of Itau Unibanco in a report on Thursday, July 10th.

About Itau Unibanco

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.