Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,624,257 shares of the bank’s stock after selling 2,301 shares during the quarter. Sei Investments Co.’s holdings in Itaú Unibanco were worth $8,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Itaú Unibanco by 7.4% in the 4th quarter. American Century Companies Inc. now owns 4,009,983 shares of the bank’s stock valued at $19,890,000 after purchasing an additional 274,750 shares in the last quarter. Blueshift Asset Management LLC lifted its position in Itaú Unibanco by 198.4% during the fourth quarter. Blueshift Asset Management LLC now owns 125,310 shares of the bank’s stock valued at $622,000 after buying an additional 83,320 shares in the last quarter. Boston Partners grew its stake in Itaú Unibanco by 3.5% during the fourth quarter. Boston Partners now owns 1,162,884 shares of the bank’s stock worth $5,768,000 after buying an additional 38,924 shares during the period. Signaturefd LLC increased its position in shares of Itaú Unibanco by 4,000.3% in the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after acquiring an additional 11,961 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in shares of Itaú Unibanco in the 4th quarter valued at $1,854,000.

Itaú Unibanco Stock Performance

Shares of ITUB stock opened at $5.52 on Monday. The company’s fifty day moving average price is $5.29 and its two-hundred day moving average price is $5.30. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The firm has a market capitalization of $59.46 billion, a P/E ratio of 7.07, a P/E/G ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.30.

Itaú Unibanco (NYSE:ITUB) last released its quarterly 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 return on equity of 19.46% and a net margin of 12.25%. On average, research analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.0527 per share. The ex-dividend date was Wednesday, February 19th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is presently 2.82%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ITUB shares. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price target for the company in a report on Monday, January 13th. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a research 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’s stock. Based on data from MarketBeat.com, Itaú Unibanco has an average rating of “Buy” and a consensus price target 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.