AQR Capital Management LLC Acquires 27,721 Shares of BankUnited, Inc. (NYSE:BKU)

AQR Capital Management LLC grew its holdings in BankUnited, Inc. (NYSE:BKU) by 19.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,471 shares of the financial services provider’s stock after acquiring an additional 27,721 shares during the period. AQR Capital Management LLC owned 0.23% of BankUnited worth $4,960,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BKU. Vanguard Group Inc. lifted its holdings in BankUnited by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after purchasing an additional 280,993 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of BankUnited by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock worth $134,144,000 after buying an additional 315,872 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of BankUnited by 6.4% during the 1st quarter. Jennison Associates LLC now owns 1,552,387 shares of the financial services provider’s stock worth $43,467,000 after buying an additional 93,119 shares during the period. Goldman Sachs Group Inc. grew its stake in BankUnited by 17.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 935,237 shares of the financial services provider’s stock valued at $30,330,000 after buying an additional 136,291 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in BankUnited by 8.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock worth $18,517,000 after acquiring an additional 48,059 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Up 2.4 %

BKU opened at $35.70 on Friday. BankUnited, Inc. has a fifty-two week low of $21.02 and a fifty-two week high of $39.51. The company has a market capitalization of $2.67 billion, a P/E ratio of 15.39 and a beta of 1.33. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s fifty day moving average price is $36.38 and its two-hundred day moving average price is $31.54.

BankUnited (NYSE:BKU) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The business had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $243.65 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts anticipate that BankUnited, Inc. will post 2.88 EPS for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.25%. BankUnited’s dividend payout ratio is currently 50.00%.

Insider Transactions at BankUnited

In related news, Director Douglas J. Pauls sold 3,500 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total value of $127,750.00. Following the sale, the director now owns 43,654 shares of the company’s stock, valued at $1,593,371. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William S. Rubenstein sold 7,864 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the completion of the sale, the director now owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas J. Pauls sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total value of $127,750.00. Following the completion of the transaction, the director now directly owns 43,654 shares in the company, valued at $1,593,371. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,507 shares of company stock valued at $802,400. Corporate insiders own 1.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BKU shares. Hovde Group raised their price target on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Barclays raised their target price on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Wells Fargo & Company upped their price target on BankUnited from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Citigroup dropped their target price on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.80.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.