Wellington Management Group LLP Sells 29,622 Shares of BankUnited, Inc. (NYSE:BKU)

Wellington Management Group LLP cut its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,877 shares of the financial services provider's stock after selling 29,622 shares during the period. Wellington Management Group LLP owned 0.16% of BankUnited worth $4,423,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new stake in BankUnited in the fourth quarter valued at approximately $34,525,000. Freestone Grove Partners LP acquired a new position in shares of BankUnited during the 4th quarter valued at about $30,499,000. Cramer Rosenthal Mcglynn LLC bought a new position in shares of BankUnited in the 4th quarter valued at approximately $18,663,000. JPMorgan Chase & Co. lifted its holdings in BankUnited by 12.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after purchasing an additional 322,368 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in BankUnited during the fourth quarter worth approximately $10,163,000. Institutional investors own 99.70% of the company's stock.

BankUnited Trading Up 2.2%

BankUnited stock traded up $0.75 during trading hours on Friday, reaching $34.39. 670,576 shares of the company's stock traded hands, compared to its average volume of 797,798. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 11.16 and a beta of 1.30. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. BankUnited, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $44.45. The firm's 50 day moving average is $33.11 and its 200-day moving average is $36.76.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $255.41 million during the quarter, compared to analysts' expectations of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the previous year, the company posted $0.64 EPS. On average, analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.61%. BankUnited's payout ratio is 38.51%.

Insider Transactions at BankUnited

In related news, Director Sanjiv Sobti acquired 1,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the acquisition, the director now directly owns 21,782 shares of the company's stock, valued at approximately $715,103.06. The trade was a 4.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total value of $764,362.56. Following the sale, the chief financial officer now directly owns 59,899 shares in the company, valued at approximately $2,010,210.44. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Wall Street Zen downgraded shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Barclays cut their target price on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods dropped their price target on BankUnited from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, BankUnited presently has a consensus rating of "Hold" and a consensus target price of $40.42.

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.