Jump Financial LLC Sells 488,112 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Jump Financial LLC lowered its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 84.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,800 shares of the bank's stock after selling 488,112 shares during the period. Jump Financial LLC's holdings in Itaú Unibanco were worth $440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of Itaú Unibanco in the fourth quarter worth about $35,000. Mount Yale Investment Advisors LLC bought a new stake in Itaú Unibanco during the 4th quarter valued at approximately $57,000. Signaturefd LLC grew 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 buying an additional 11,961 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in Itaú Unibanco in the 4th quarter worth approximately $67,000. Finally, Peapack Gladstone Financial Corp lifted 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 buying an additional 2,000 shares during the last quarter.

Itaú Unibanco Price Performance

Shares of NYSE:ITUB traded down $0.01 on Wednesday, hitting $6.30. The stock had a trading volume of 24,930,081 shares, compared to its average volume of 24,161,187. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.32. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. The firm's 50 day moving average price is $5.51 and its 200-day moving average price is $5.27. The company has a market capitalization of $67.92 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results on Thursday, February 6th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, equities research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.0527 dividend. This is a boost from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend was Wednesday, February 19th. Itaú Unibanco's payout ratio is currently 2.82%.

Wall Street Analysts Forecast Growth

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