DekaBank Deutsche Girozentrale Sells 65,000 Shares of Itau Unibanco Holding S.A. (NYSE:ITUB)

DekaBank Deutsche Girozentrale cut its stake in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 12.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440,000 shares of the bank's stock after selling 65,000 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Itau Unibanco were worth $2,400,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. purchased a new stake in shares of Itau Unibanco in the 1st quarter worth about $106,000. May Hill Capital LLC bought a new stake in Itau Unibanco during the 1st quarter valued at about $85,000. Pekin Hardy Strauss Inc. increased its stake in Itau Unibanco by 21.4% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 36,125 shares of the bank's stock valued at $199,000 after purchasing an additional 6,375 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Itau Unibanco by 10.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 539,314 shares of the bank's stock valued at $2,966,000 after purchasing an additional 51,447 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Itau Unibanco by 15.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,215,961 shares of the bank's stock valued at $6,688,000 after purchasing an additional 163,899 shares in the last quarter.

Itau Unibanco Stock Performance

Shares of NYSE ITUB traded up $0.02 during trading on Tuesday, reaching $6.29. 25,564,220 shares of the company traded hands, compared to its average volume of 26,373,962. The firm has a 50 day simple moving average of $6.61 and a 200-day simple moving average of $5.77. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $67.76 billion, a PE ratio of 8.89, a P/E/G ratio of 0.97 and a beta of 0.76. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.95.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping 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. Itau Unibanco had a net margin of 11.85% and a return on equity of 19.35%. Equities research analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a $0.0024 dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, July 2nd. Itau Unibanco's payout ratio is 4.23%.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a "neutral" rating on shares of Itau Unibanco in a report on Thursday, July 10th.

Itau Unibanco 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.