Finance

How Insiders and Institutions are Trading Itau Unibanco Holding S.A. (ITUB)

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 21.90% of Itau Unibanco Holding S.A. (ITUB)’s shares. The total value of these holdings, in millions, is $9,706. Among active positions in the latest quarter, 118 holders increased their positions by a total of 79.1 million shares, 142 holders decreased the positions by a total of 62.21 million shares, and 54 holders held their positions. This works out to a net increase in ownership of 16.88 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 23 holders initiated new positions by a total of 21.35 million shares and 28 holders exited their positions by a total of 5.33 million shares. This nets out to an increase of 16.03 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: ownership increased by a net of 0 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Itau Unibanco Holding S.A. (NYSE:ITUB)’s short interest is 25.28 million shares, or 0.75% of the float. This represents a decrease of -4% 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 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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