Itau Unibanco Holding S.A. Has $86.89 Million Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Itau Unibanco Holding S.A. lowered its position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,518,732 shares of the bank's stock after selling 4,100,895 shares during the quarter. Itaú Unibanco makes up about 2.8% of Itau Unibanco Holding S.A.'s investment portfolio, making the stock its 7th largest holding. Itau Unibanco Holding S.A. owned 0.18% of Itaú Unibanco worth $86,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ITUB. Bessemer Group Inc. acquired a new position in shares of Itaú Unibanco in the fourth quarter valued at $35,000. Mount Yale Investment Advisors LLC acquired a new position in Itaú Unibanco in the 4th quarter valued at about $57,000. Signaturefd LLC raised its holdings in Itaú Unibanco by 4,000.3% in the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after acquiring an additional 11,961 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Itaú Unibanco during the fourth quarter worth approximately $67,000. Finally, Peapack Gladstone Financial Corp boosted 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 worth $84,000 after acquiring an additional 2,000 shares during the period.

Itaú Unibanco Price Performance

Itaú Unibanco stock traded down $0.06 during trading hours on Tuesday, reaching $6.10. 13,486,594 shares of the stock were exchanged, compared to its average volume of 24,129,518. The stock has a 50 day moving average of $5.57 and a two-hundred day moving average of $5.27. The company has a market cap of $65.71 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 0.89 and a beta of 0.76. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.37.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Equities analysts expect that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.0024 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a dividend yield of 0.46%. Itaú Unibanco's dividend payout ratio (DPR) is currently 2.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price on the stock in a research note on Monday, January 13th. UBS Group upgraded shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Itaú Unibanco has a consensus rating of "Buy" and a consensus price target of $6.27.

About Itaú Unibanco

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.