Perpetual cuts Itaú stake 98.2 percent. Goldman targets Itaú Unibanco stock at USD 10.50

Published on 10/16/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Itaú posted BRL 12.40 billion net income in the second quarter. Itaú Unibanco stock costs EUR 8.45 on October 16, 2026, with results due November 3.

Stake change and quarterly strength

Perpetual Ltd sold 6.27 million shares and reduced its stake by 98.20 percent in the third quarter.
Itaú Unibanco reported BRL 12.40 billion in recurring managerial net income for the second quarter of 2026.
Itaú Unibanco stock traded at EUR 8.45 at 9:03 a.m. CEST at Lang & Schwarz on October 16, 2026.
Third-quarter results are scheduled for November 3, 2026.

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Itaú Unibanco (ISIN US4655621062) was trading at EUR 8.45 at Lang & Schwarz on October 16, 2026, at 9:03 a.m. CEST. The latest ownership filing showed that Perpetual Ltd had cut its Itaú stake by 98.20 percent in the third quarter, while Goldman Sachs had set a USD 10.50 target on October 9, 2026, according to MarketBeat.

Ownership change raises a signal

Perpetual Ltd sold 6.27 million shares and retained 117,913 shares valued at USD 1.01 million, the October 14, 2026 filing said. The transaction is material in percentage terms, but the retained position means the investor still held exposure to the bank after the third-quarter filing.

The same MarketBeat report said Goldman Sachs maintained a Buy rating and raised its target from USD 9.30 to USD 10.50. HSBC had moved the other way on October 8, 2026, lowering its rating to Hold with a USD 9.10 target.

What does the stake change mean?

The ownership data add a counterweight to Itaú's operating figures. In the second quarter of 2026, recurring managerial net income reached BRL 12.40 billion and return on average equity was 24.30 percent, while the expanded loan portfolio reached BRL 1.522 trillion and grew 9.60 percent from a year earlier, according to A Revista. Those figures place credit growth and asset quality alongside the ownership change as the key context for the next report.

Three dated developments

On August 4, 2026, Itaú reported BRL 12.40 billion in second-quarter net income and a 24.30 percent return on equity, according to GreekSoup. On October 9, 2026, Goldman Sachs raised its target to USD 10.50 from USD 9.30. On October 14, 2026, Perpetual Ltd disclosed a 98.20 percent reduction in its stake.

Next reporting date

Itaú Unibanco is scheduled to release third-quarter 2026 results on November 3, 2026, after the market closes, according to the company's investor-relations calendar.

Trading stays tied to the next report

The bank's NYSE-listed ADR had a USD 6.59 to USD 10.20 52-week range and a USD 115.58 billion market value on October 9, 2026, according to Barrons. The forthcoming third-quarter figures will show whether the 24.30 percent return on equity and 9.60 percent loan growth remained intact.

Itaú Unibanco was trading at EUR 8.45 at Lang & Schwarz on October 16, 2026, at 9:03 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Itaú Unibanco stock.