Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. lessened its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,518,732 shares of the bank's stock after selling 4,100,895 shares during the quarter. Itaú Unibanco accounts for 2.8% of Itau Unibanco Holding S.A.'s portfolio, making the stock its 7th biggest 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 institutional investors also recently bought and sold shares of ITUB. Franklin Resources Inc. increased its stake in shares of Itaú Unibanco by 1.3% in the 3rd quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank's stock worth $174,930,000 after purchasing an additional 346,390 shares in the last quarter. JPMorgan Chase & Co. increased its position in Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after acquiring an additional 2,604,304 shares during the last quarter. Northcape Capital Pty Ltd raised its stake in shares of Itaú Unibanco by 7.1% in the fourth quarter. Northcape Capital Pty Ltd now owns 9,765,549 shares of the bank's stock valued at $48,437,000 after acquiring an additional 643,532 shares during the period. Constellation Investimentos e Participacoes Ltda lifted its holdings in shares of Itaú Unibanco by 96.8% in the 4th quarter. Constellation Investimentos e Participacoes Ltda now owns 2,540,200 shares of the bank's stock worth $12,599,000 after acquiring an additional 1,249,200 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Itaú Unibanco by 1.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 487,867 shares of the bank's stock worth $2,420,000 after purchasing an additional 4,636 shares during the period.

Itaú Unibanco Trading Down 1.0 %

Shares of NYSE ITUB traded down $0.06 during trading hours on Monday, reaching $6.14. The stock had a trading volume of 19,967,376 shares, compared to its average volume of 24,168,210. The business's fifty day moving average price is $5.55 and its two-hundred day moving average price is $5.27. The firm has a market cap of $66.20 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 0.89 and a beta of 0.65. Itaú Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.37. 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 (NYSE:ITUB - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 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%. 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 disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 6th will be issued a $0.0024 dividend. This represents a dividend yield of 0.46%. The ex-dividend date is Monday, May 5th. Itaú Unibanco's dividend payout ratio (DPR) is currently 2.82%.

Analysts Set New Price Targets

ITUB has been the subject of several analyst reports. HSBC raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price objective for the company in a research note on Monday, January 13th. Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. Finally, UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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.