Man Group plc Purchases Shares of 9,949 BankUnited, Inc. (NYSE:BKU)

Man Group plc acquired a new stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,949 shares of the financial services provider's stock, valued at approximately $380,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 547 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 410 shares during the period. Smartleaf Asset Management LLC boosted its holdings in BankUnited by 270.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 1,407 shares during the period. R Squared Ltd bought a new stake in BankUnited during the 4th quarter valued at $113,000. Finally, KBC Group NV raised its position in BankUnited by 87.8% during the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after purchasing an additional 1,883 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

BankUnited Stock Down 1.1%

Shares of BKU traded down $0.37 during trading hours on Friday, hitting $34.01. The company had a trading volume of 1,066,177 shares, compared to its average volume of 801,091. The company has a market capitalization of $2.56 billion, a PE ratio of 11.04 and a beta of 1.29. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a one year low of $26.78 and a one year high of $44.45. The company's fifty day moving average price is $33.18 and its two-hundred day moving average price is $36.93.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. The firm had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. During the same period in the previous year, the company posted $0.64 EPS. As a group, equities analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were given a dividend of $0.31 per share. This is a positive change from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, April 11th. BankUnited's dividend payout ratio is currently 38.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BKU. Jefferies Financial Group began coverage on BankUnited in a research report on Wednesday, May 21st. They set a "hold" rating and a $39.00 target price for the company. The Goldman Sachs Group decreased their target price on BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Wednesday, April 30th. Hovde Group decreased their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Piper Sandler raised BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price for the company in a research report on Tuesday, March 11th. Finally, Barclays decreased their target price on BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.42.

Insider Activity at BankUnited

In other news, Director Sanjiv Sobti purchased 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the purchase, the director now owns 20,782 shares in the company, valued at $666,478.74. This trade represents a 10.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now owns 12,250 shares in the company, valued at approximately $430,955. The trade was a 20.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,010 shares of company stock valued at $912,565 in the last ninety days. Corporate insiders own 1.15% of the company's stock.

BankUnited 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.