O Shaughnessy Asset Management LLC Sells 70,782 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

O Shaughnessy Asset Management LLC trimmed its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,688 shares of the bank's stock after selling 70,782 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Itaú Unibanco were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ITUB. Mount Yale Investment Advisors LLC acquired a new position in shares of Itaú Unibanco during the 4th quarter valued at $57,000. Signaturefd LLC boosted its position in Itaú Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after acquiring an additional 11,961 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Itaú Unibanco in the third quarter worth $68,000. Fielder Capital Group LLC lifted its stake in Itaú Unibanco by 13.2% in the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock valued at $85,000 after acquiring an additional 2,001 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Itaú Unibanco in the 4th quarter valued at approximately $94,000.

Itaú Unibanco Stock Performance

NYSE:ITUB traded up $0.09 during mid-day trading on Monday, hitting $5.56. The stock had a trading volume of 904,827 shares, compared to its average volume of 23,989,247. The company's 50 day simple moving average is $5.37 and its 200 day simple moving average is $5.25. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.30. The stock has a market cap of $59.89 billion, a price-to-earnings ratio of 7.11, a PEG ratio of 0.89 and a beta of 0.65. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34.

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 forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were given a dividend of $0.0527 per share. 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 dividend payout ratio is currently 2.82%.

Analyst Ratings Changes

A number of research analysts have recently commented 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 raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price objective on the stock in a research note on Monday, January 13th. 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 company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $6.27.

Itaú 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.