Victory Capital Management Inc. Has $18.70 Million Position in Itau Unibanco Holding S.A. (NYSE:ITUB)

Victory Capital Management Inc. cut its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 46.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,399,444 shares of the bank's stock after selling 2,901,013 shares during the quarter. Victory Capital Management Inc.'s holdings in Itau Unibanco were worth $18,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in Itau Unibanco in the fourth quarter worth about $35,000. Parallel Advisors LLC increased its stake in Itau Unibanco by 707.1% in the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock worth $43,000 after purchasing an additional 6,781 shares in the last quarter. Signaturefd LLC increased its stake in Itau Unibanco by 4,000.3% in the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after purchasing an additional 11,961 shares in the last quarter. Alta Capital Management LLC purchased a new position in Itau Unibanco in the 1st quarter worth about $62,000. Finally, Sagespring Wealth Partners LLC purchased a new position in Itau Unibanco in the 4th quarter worth about $67,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group reissued a "neutral" rating on shares of Itau Unibanco in a research note on Thursday, July 10th.

Itau Unibanco Stock Up 0.2%

NYSE:ITUB traded up $0.02 on Friday, hitting $6.37. 27,028,010 shares of the company's stock traded hands, compared to its average volume of 27,083,136. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.43. Itau Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.95. The firm has a 50-day moving average price of $6.60 and a 200-day moving average price of $5.88. The company has a market cap of $68.62 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76.

Itau Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Itau Unibanco had a return on equity of 19.35% and a net margin of 11.85%. The company had revenue of $7.93 billion for the quarter, compared to analysts' expectations of $43.07 billion. Equities analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Cuts Dividend

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

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.