Markets

What Recent Ownership Trends Suggest About Itau Unibanco Holding S.A. (ITUB)’s Future Performance

Recent insider trends for Itau Unibanco Holding S.A. (NYSE:ITUB) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of ITUB, the data has a lot to say about how the stock might perform going forward.

Institutions own 21.40% of Itau Unibanco Holding S.A. (ITUB)’s shares. The total value of these holdings, in millions, is $9,816. Among active positions in the latest quarter, 151 holders increased their positions by a total of 66.27 million shares, 135 holders decreased the positions by a total of 161.28 million shares, and 40 holders held their positions. This works out to a net decrease in ownership of 95.01 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 35 holders initiated new positions by a total of 24.91 million shares and 30 holders exited their positions by a total of 20.59 million shares. This nets out to an increase of 4.32 million shares and is a bullish sign for ITUB.

Insider ownership increased by a total of 0 shares, which suggests that ITUB’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Itau Unibanco Holding S.A. (NYSE:ITUB)’s short interest is 15.31 million shares, or 0.45% of the float. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for ITUB. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ITUB is a Strong buy, which implies that ITUB is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Itau Unibanco Holding S.A. (NYSE:ITUB) is undervalued.

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