Jane Street Group LLC Invests $9.10 Million in BankUnited, Inc. $BKU

Key Points

• Jane Street Group LLC invested approximately $9.1 million by purchasing 264,236 shares of BankUnited, Inc., bringing its ownership to about 0.35% of the company.
• BankUnited recently declared a quarterly dividend of $0.31 per share, yielding 3.2% annually, with a payout ratio of 36.36%.
• The company's stock price recently opened at $39.17, with a market cap of $2.95 billion and a 52-week range between $28.21 and $44.45.

Jane Street Group LLC acquired a new stake in BankUnited, Inc. (NYSE:BKU - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 264,236 shares of the financial services provider's stock, valued at approximately $9,100,000. Jane Street Group LLC owned about 0.35% of BankUnited as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group boosted its stake in shares of BankUnited by 14,050.0% in the 1st quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 843 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of BankUnited by 165.5% in the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 1,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited in the 4th quarter valued at $73,000. Headlands Technologies LLC boosted its stake in shares of BankUnited by 697.4% in the 1st quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 2,155 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of BankUnited in the 4th quarter valued at $216,000. 99.70% of the stock is owned by institutional investors.

BankUnited Stock Performance

NYSE BKU traded down $0.47 during trading hours on Friday, reaching $38.95. 364,841 shares of the company were exchanged, compared to its average volume of 554,773. BankUnited, Inc. has a 1 year low of $28.21 and a 1 year high of $44.45. The business's 50 day simple moving average is $37.64 and its 200-day simple moving average is $35.28. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.93 billion, a P/E ratio of 11.42 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The business had revenue of $273.93 million during the quarter, compared to the consensus estimate of $267.17 million. During the same quarter last year, the company posted $0.72 earnings per share. On average, equities research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid a $0.31 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.2%. BankUnited's dividend payout ratio (DPR) is presently 36.36%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of BankUnited from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Barclays increased their target price on shares of BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Jefferies Financial Group assumed coverage on shares of BankUnited in a research note on Wednesday, May 21st. They set a "hold" rating and a $39.00 target price on the stock. Royal Bank Of Canada reissued a "sector perform" rating on shares of BankUnited in a research note on Thursday, July 24th. Finally, Citigroup increased their target price on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, BankUnited currently has an average rating of "Hold" and a consensus target price of $41.55.

Insider Activity

In other news, insider Jay D. Richards sold 3,942 shares of BankUnited stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.81, for a total value of $152,989.02. Following the completion of the transaction, the insider owned 39,193 shares in the company, valued at $1,521,080.33. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $38.79, for a total transaction of $135,765.00. Following the completion of the transaction, the director owned 43,205 shares of the company's stock, valued at $1,675,921.95. The trade was a 7.49% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.