Strs Ohio Has $5.75 Million Stock Holdings in Itau Unibanco Holding S.A. $ITUB

Strs Ohio decreased its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 13.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 686,170 shares of the bank’s stock after selling 104,396 shares during the quarter. Strs Ohio’s holdings in Itau Unibanco were worth $5,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Deltec Asset Management LLC increased its position in Itau Unibanco by 15.7% during the first quarter. Deltec Asset Management LLC now owns 159,333 shares of the bank’s stock worth $1,335,000 after buying an additional 21,675 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Itau Unibanco by 71.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 51,877 shares of the bank’s stock valued at $435,000 after acquiring an additional 21,689 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Itau Unibanco by 55.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 478,138 shares of the bank’s stock valued at $4,007,000 after acquiring an additional 170,168 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Itau Unibanco by 187.8% in the 1st quarter. SG Americas Securities LLC now owns 101,879 shares of the bank’s stock valued at $854,000 after acquiring an additional 66,484 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Itau Unibanco by 6.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 701,153 shares of the bank’s stock valued at $5,876,000 after acquiring an additional 42,221 shares in the last quarter.

Insider Activity

In other news, insider Fajerman Sergio Guillinet sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $9.38, for a total value of $469,000.00. Following the completion of the transaction, the insider directly owned 1,265,119 shares of the company’s stock, valued at approximately $11,866,816.22. This represents a 3.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total value of $1,612,296.00. Following the completion of the sale, the insider directly owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. This represents a 10.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 292,277 shares of company stock valued at $2,646,512 in the last three months. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ITUB shares. Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Itau Unibanco from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.00.

Itau Unibanco Stock Performance

ITUB traded down $0.01 on Tuesday, hitting $8.28. 3,359,601 shares of the stock traded hands, compared to its average volume of 25,082,668. The business has a fifty day moving average price of $8.04 and a two-hundred day moving average price of $8.19. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $91.66 billion, a PE ratio of 11.36, a P/E/G ratio of 0.87 and a beta of 0.58. Itau Unibanco Holding S.A. has a 52 week low of $5.93 and a 52 week high of $9.60.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $9.41 billion. Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%. On average, research analysts predict that Itau Unibanco Holding S.A. will post 0.89 EPS for the current fiscal year.

Itau Unibanco Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, June 22nd will be paid a $0.068 dividend. The ex-dividend date of this dividend is Monday, June 22nd. Itau Unibanco’s payout ratio is presently 4.11%.

Itau Unibanco 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.