Wellington Management Group LLP Sells 29,622 Shares of BankUnited, Inc. (NYSE:BKU)

Wellington Management Group LLP lessened its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,877 shares of the financial services provider's stock after selling 29,622 shares during the quarter. Wellington Management Group LLP owned 0.16% of BankUnited worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BKU. Pictet Asset Management Holding SA increased its stake in shares of BankUnited by 18.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,210 shares of the financial services provider's stock worth $428,000 after purchasing an additional 1,756 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after buying an additional 410 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of BankUnited in the fourth quarter valued at $412,000. JPMorgan Chase & Co. lifted its position in shares of BankUnited by 12.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock valued at $107,696,000 after buying an additional 322,368 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of BankUnited during the 4th quarter worth $328,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Price Performance

BankUnited stock traded down $0.22 during midday trading on Thursday, hitting $30.61. 117,925 shares of the company's stock were exchanged, compared to its average volume of 776,995. The company has a market cap of $2.30 billion, a P/E ratio of 9.95 and a beta of 1.20. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The stock has a 50-day moving average price of $34.86 and a two-hundred day moving average price of $37.47. BankUnited, Inc. has a 52-week low of $24.48 and a 52-week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the business earned $0.26 earnings per share. On average, equities research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 4.05%. This is a boost from BankUnited's previous quarterly dividend of $0.29. BankUnited's dividend payout ratio (DPR) is 40.26%.

Insider Transactions at BankUnited

In other news, Director Sanjiv Sobti bought 1,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the purchase, the director now directly owns 21,782 shares in the company, valued at $715,103.06. This represents a 4.81 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares in the company, valued at $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BKU shares. Hovde Group lowered their price objective on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Piper Sandler raised shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company cut their price objective on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Barclays lowered their target price on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com downgraded BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, BankUnited presently has an average rating of "Hold" and an average target price of $42.18.

About BankUnited

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.