Atria Investments Inc Sells 27,018 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Atria Investments Inc lessened its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,015 shares of the bank’s stock after selling 27,018 shares during the period. Atria Investments Inc’s holdings in Itaú Unibanco were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP bought a new stake in shares of Itaú Unibanco in the 3rd quarter valued at about $68,000. MQS Management LLC bought a new stake in shares of Itaú Unibanco in the 3rd quarter valued at about $70,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Itaú Unibanco in the 4th quarter valued at about $57,000. Raymond James Trust N.A. bought a new position in Itaú Unibanco during the 3rd quarter valued at approximately $81,000. Finally, Freedom Investment Management Inc. bought a new position in Itaú Unibanco during the 3rd quarter valued at approximately $90,000.

Itaú Unibanco Stock Performance

Itaú Unibanco stock opened at $6.00 on Friday. 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 company has a market capitalization of $58.76 billion, a P/E ratio of 7.69, a PEG ratio of 0.89 and a beta of 0.97. The stock’s 50 day moving average is $5.61 and its 200 day moving average is $5.86. Itaú Unibanco Holding S.A. has a twelve month low of $4.86 and a twelve month high of $7.03.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. On average, equities research analysts predict 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 announced a dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.058 per share. This is an increase 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 (DPR) is currently 2.56%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ITUB shares. Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Finally, 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. 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 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.