GMT Capital Corp Sells 1,149,996 Shares of Itau Unibanco Holding S.A. $ITUB

GMT Capital Corp lowered its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,174,334 shares of the bank’s stock after selling 1,149,996 shares during the quarter. Itau Unibanco makes up 0.4% of GMT Capital Corp’s portfolio, making the stock its 22nd biggest position. GMT Capital Corp’s holdings in Itau Unibanco were worth $8,408,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Huntington National Bank raised its holdings in shares of Itau Unibanco by 11.1% in the 4th 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Itau Unibanco by 19.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,135 shares of the bank’s stock valued at $58,000 after purchasing an additional 1,341 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Itau Unibanco by 3.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 46,666 shares of the bank’s stock valued at $334,000 after purchasing an additional 1,357 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in shares of Itau Unibanco by 3.1% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 51,326 shares of the bank’s stock valued at $367,000 after purchasing an additional 1,521 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Itau Unibanco by 6.3% in the 4th quarter. HighTower Advisors LLC now owns 29,924 shares of the bank’s stock valued at $214,000 after purchasing an additional 1,785 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ITUB. JPMorgan Chase & Co. lifted their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Zacks Research downgraded shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and two have issued 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 price target of $9.00.

Itau Unibanco Stock Up 0.9%

NYSE:ITUB opened at $7.99 on Friday. The company has a market cap of $88.44 billion, a PE ratio of 10.95, a P/E/G ratio of 0.86 and a beta of 0.59. Itau Unibanco Holding S.A. has a twelve month low of $5.93 and a twelve month high of $9.60. 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 company’s 50 day moving average is $8.33 and its two-hundred day moving average is $8.12.

Itau Unibanco (NYSE:ITUB) last released its earnings results 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 company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Itau Unibanco had a return on equity of 21.27% and a net margin of 27.27%. Analysts anticipate that Itau Unibanco Holding S.A. will post 0.89 EPS for the current year.

Itau Unibanco Announces Dividend

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

Insider Buying and Selling at Itau Unibanco

In other news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the company’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 sale, the insider directly owned 1,637,511 shares of the company’s stock, valued at $14,442,847.02. This represents a 10.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Fajerman Sergio Guillinet sold 39,477 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $9.53, for a total transaction of $376,215.81. Following the completion of the sale, the insider directly owned 1,205,642 shares in the company, valued at $11,489,768.26. This trade represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 292,277 shares of company stock worth $2,646,512 over the last ninety days. Insiders own 0.61% of the company’s stock.

About Itau Unibanco

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.