Oaktree Fund Advisors LLC Cuts Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Oaktree Fund Advisors LLC cut its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 22.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 717,753 shares of the bank’s stock after selling 206,180 shares during the quarter. Itaú Unibanco makes up 3.9% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 10th largest holding. Oaktree Fund Advisors LLC’s holdings in Itaú Unibanco were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. XTX Topco Ltd bought a new position in Itaú Unibanco during the 2nd quarter worth $1,432,000. First Eagle Investment Management LLC boosted its holdings in shares of Itaú Unibanco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 1,509,424 shares of the bank’s stock valued at $8,815,000 after acquiring an additional 110,442 shares during the period. Hsbc Holdings PLC grew its position in shares of Itaú Unibanco by 9.2% during the second quarter. Hsbc Holdings PLC now owns 2,219,210 shares of the bank’s stock worth $12,941,000 after acquiring an additional 186,594 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Itaú Unibanco by 56.3% in the 2nd quarter. Blair William & Co. IL now owns 41,367 shares of the bank’s stock worth $242,000 after acquiring an additional 14,893 shares during the period. Finally, Quantbot Technologies LP lifted its position in Itaú Unibanco by 535.2% in the 2nd quarter. Quantbot Technologies LP now owns 883,563 shares of the bank’s stock valued at $5,160,000 after purchasing an additional 744,455 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group cut Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. Morgan Stanley upgraded Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Itaú Unibanco currently has an average rating of “Hold” and a consensus price target of $7.05.

Itaú Unibanco Trading Down 3.3 %

Itaú Unibanco stock opened at $6.50 on Friday. Itaú Unibanco Holding S.A. has a 12-month low of $5.12 and a 12-month high of $7.27. The stock has a market capitalization of $63.71 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97. The firm has a 50 day simple moving average of $6.42 and a 200-day simple moving average of $6.35. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.07 and a quick ratio of 1.07.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Tuesday, August 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $16.54 billion during the quarter, compared to analyst estimates of $7.72 billion. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. During the same period last year, the company posted $0.18 EPS. As a group, equities research analysts expect that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 2nd will be issued a $0.0031 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. Itaú Unibanco’s payout ratio is 48.65%.

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.