Rodrigues Andre Luis Teixeira Sells 182,800 Shares of Itau Unibanco (NYSE:ITUB) Stock

Key Points

• Rodrigues Andre Luis Teixeira sold 182,800 shares of Itau Unibanco on April 8 at an average price of $8.82 for $1.612M, reducing his stake by 10.04% to 1,637,511 shares valued at about $14.44M (SEC filing).
• Itau Unibanco shares traded up to $9.16 (up 1.6%) with a market cap of $101.4B and a PE of 13.00; the stock's 52‑week range is $5.19–$9.60 and recent volume was ~13.86M versus an average of ~27.42M.
• The bank announced a special dividend of $0.068 payable Sept. 8 (ex-dividend Mar. 23), and analysts show a consensus "Moderate Buy" rating with an average target price of $9.00 amid mixed upgrades and downgrades.

Itau Unibanco Holding S.A. (NYSE:ITUB - Get Free Report) insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $8.82, for a total value of $1,612,296.00. Following the sale, the insider directly owned 1,637,511 shares in the company, valued at $14,442,847.02. This trade represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Itau Unibanco Stock Up 1.6%

NYSE ITUB traded up $0.15 during trading on Friday, reaching $9.16. 13,859,883 shares of the company's stock were exchanged, compared to its average volume of 27,416,182. The firm has a market capitalization of $101.40 billion, a PE ratio of 13.00, a P/E/G ratio of 0.96 and a beta of 0.65. Itau Unibanco Holding S.A. has a fifty-two week low of $5.19 and a fifty-two week high of $9.60. The company has a current ratio of 1.79, a quick ratio of 1.58 and a debt-to-equity ratio of 2.61. The company's fifty day simple moving average is $8.63 and its 200-day simple moving average is $7.73.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.98 billion. Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%. Sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be paid a $0.068 dividend. The ex-dividend date of this dividend is Monday, March 23rd. Itau Unibanco's payout ratio is presently 4.29%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an "overweight" rating in a research report on Wednesday, February 18th. Zacks Research lowered shares of Itau Unibanco from a "strong-buy" rating to a "hold" rating in a report on Friday, March 13th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Itau Unibanco in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.00.

Hedge Funds Weigh In On Itau Unibanco

Several large investors have recently added to or reduced their stakes in ITUB. Huntington National Bank lifted its holdings in Itau Unibanco by 11.1% during the fourth quarter. Huntington National Bank now owns 10,895 shares of the bank's stock valued at $78,000 after purchasing an additional 1,092 shares during the last quarter. Gould Asset Management LLC CA raised its position in shares of Itau Unibanco by 3.0% in the fourth quarter. Gould Asset Management LLC CA now owns 40,777 shares of the bank's stock valued at $292,000 after purchasing an additional 1,187 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Itau Unibanco by 19.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,135 shares of the bank's stock valued at $58,000 after buying an additional 1,341 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of Itau Unibanco by 3.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 46,666 shares of the bank's stock worth $334,000 after acquiring an additional 1,357 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Itau Unibanco by 7.4% in the fourth quarter. Captrust Financial Advisors now owns 20,684 shares of the bank's stock worth $148,000 after acquiring an additional 1,434 shares during the period.

Itau Unibanco Company 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.

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