Axa S.A. Decreases Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

AXA S.A. lessened its position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 143,372 shares of the bank's stock after selling 43,150 shares during the quarter. AXA S.A.'s holdings in Itaú Unibanco were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ITUB. Bessemer Group Inc. purchased a new position in Itaú Unibanco during the fourth quarter valued at $35,000. Mount Yale Investment Advisors LLC bought a new stake in Itaú Unibanco during the fourth quarter worth about $57,000. Signaturefd LLC grew its holdings in Itaú Unibanco by 4,000.3% in the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after purchasing an additional 11,961 shares during the period. Sagespring Wealth Partners LLC bought a new position in shares of Itaú Unibanco during the fourth quarter valued at approximately $67,000. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of Itaú Unibanco by 13.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock valued at $84,000 after purchasing an additional 2,000 shares during the last quarter.

Itaú Unibanco Stock Performance

Shares of Itaú Unibanco stock traded up $0.01 during trading on Wednesday, hitting $6.63. 25,210,646 shares of the company's stock traded hands, compared to its average volume of 24,522,715. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.66. The business has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $5.30. The stock has a market capitalization of $71.48 billion, a P/E ratio of 8.50, a PEG ratio of 0.89 and a beta of 0.76. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be issued a $0.0024 dividend. This represents a yield of 0.46%. The ex-dividend date is Monday, May 5th. Itaú Unibanco's dividend payout ratio is currently 2.82%.

Wall Street Analyst Weigh In

Separately, UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $6.27.

Itaú Unibanco Company Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.