Itaú Unibanco Holding S.A. (NYSE:ITUB) Position Lessened by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 38.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 710,896 shares of the bank's stock after selling 448,532 shares during the period. Pinebridge Investments L.P.'s holdings in Itaú Unibanco were worth $3,526,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in shares of Itaú Unibanco by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 2,651,748 shares of the bank's stock valued at $13,153,000 after buying an additional 150,731 shares during the period. Stifel Financial Corp lifted its stake in shares of Itaú Unibanco by 36.7% during the 4th quarter. Stifel Financial Corp now owns 19,350 shares of the bank's stock worth $96,000 after purchasing an additional 5,196 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Itaú Unibanco by 10.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 56,518 shares of the bank's stock worth $280,000 after purchasing an additional 5,165 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Itaú Unibanco by 7.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 3,126,490 shares of the bank's stock valued at $15,507,000 after purchasing an additional 208,750 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Itaú Unibanco by 27.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 452,035 shares of the bank's stock valued at $2,242,000 after purchasing an additional 98,591 shares during the last quarter.

Itaú Unibanco Stock Down 1.3 %

Shares of NYSE ITUB traded down $0.09 on Thursday, hitting $6.23. The company had a trading volume of 6,911,651 shares, compared to its average volume of 24,096,662. The firm has a market capitalization of $67.11 billion, a P/E ratio of 7.98, a PEG ratio of 0.89 and a beta of 0.65. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.37. The business has a 50 day moving average of $5.51 and a two-hundred day moving average of $5.27.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share 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%. As a group, equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. HSBC raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price target for the company in a research report on Monday, January 13th. Finally, Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.