Corient Private Wealth LLC Lowers Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Corient Private Wealth LLC trimmed its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 28.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,821 shares of the bank’s stock after selling 7,009 shares during the quarter. Corient Private Wealth LLC’s holdings in Itaú Unibanco were worth $88,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC purchased a new position in shares of Itaú Unibanco in the 4th quarter valued at approximately $57,000. Quantinno Capital Management LP acquired a new stake in shares of Itaú Unibanco during the third quarter worth $68,000. Fielder Capital Group LLC lifted its holdings in shares of Itaú Unibanco by 13.2% during the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank’s stock worth $85,000 after purchasing an additional 2,001 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Itaú Unibanco in the 4th quarter valued at $94,000. Finally, Allspring Global Investments Holdings LLC raised its position in Itaú Unibanco by 18.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 19,819 shares of the bank’s stock worth $98,000 after buying an additional 3,089 shares during the last quarter.

Itaú Unibanco Price Performance

Shares of NYSE ITUB opened at $5.54 on Thursday. 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 Holding S.A. has a one year low of $4.42 and a one year high of $6.30. The firm has a market capitalization of $59.73 billion, a P/E ratio of 7.10, a PEG ratio of 0.89 and a beta of 0.97. The company’s fifty day moving average is $5.33 and its two-hundred day moving average is $5.29.

Itaú Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share 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%. Analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were paid a $0.0527 dividend. 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 presently 2.82%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ITUB shares. 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 report on Monday, January 13th. Hsbc Global Res raised 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 research report on Friday, January 17th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $6.27.

About Itaú Unibanco

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.