Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 242,153 shares of the bank’s stock after selling 49,066 shares during the quarter. US Bancorp DE’s holdings in Itaú Unibanco were worth $1,201,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Itaú Unibanco by 68.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock valued at $38,000 after purchasing an additional 2,469 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Itaú Unibanco during the 4th quarter valued at $57,000. Quantinno Capital Management LP acquired a new position in shares of Itaú Unibanco during the 3rd quarter valued at $68,000. MQS Management LLC acquired a new position in shares of Itaú Unibanco during the 3rd quarter valued at $70,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Itaú Unibanco during the 3rd quarter valued at $81,000.

Itaú Unibanco Stock Performance

Shares of NYSE ITUB opened at $5.68 on Friday. Itaú Unibanco Holding S.A. has a 52-week low of $4.86 and a 52-week high of $7.04. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $55.62 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.89 and a beta of 0.97. The stock’s fifty day simple moving average is $5.53 and its 200 day simple moving average is $5.90.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. As a group, sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.058 per share. This is an increase from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date is Wednesday, February 19th. Itaú Unibanco’s payout ratio is currently 2.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price on the stock in a report on Monday, January 13th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $6.90.

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.