Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,033 shares of the bank’s stock after selling 4,544 shares during the quarter. Atria Investments Inc’s holdings in Itaú Unibanco were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ITUB. William Blair Investment Management LLC increased its stake in Itaú Unibanco by 14.8% during the 2nd quarter. William Blair Investment Management LLC now owns 37,928,532 shares of the bank’s stock worth $221,505,000 after buying an additional 4,888,099 shares during the period. Itau Unibanco Holding S.A. lifted its stake in shares of Itaú Unibanco by 2.3% in the second quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank’s stock worth $134,606,000 after acquiring an additional 529,600 shares in the last quarter. Capital Research Global Investors boosted its holdings in Itaú Unibanco by 460.6% in the first quarter. Capital Research Global Investors now owns 15,262,082 shares of the bank’s stock valued at $105,766,000 after purchasing an additional 12,539,737 shares during the last quarter. Perpetual Ltd grew its stake in Itaú Unibanco by 9.0% during the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank’s stock valued at $90,638,000 after purchasing an additional 1,126,695 shares in the last quarter. Finally, Northcape Capital Pty Ltd increased its holdings in Itaú Unibanco by 5.7% during the 2nd quarter. Northcape Capital Pty Ltd now owns 9,564,344 shares of the bank’s stock worth $55,856,000 after purchasing an additional 519,529 shares during the last quarter.

Itaú Unibanco Trading Down 0.2 %

Itaú Unibanco stock opened at $5.95 on Tuesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. Itaú Unibanco Holding S.A. has a 1 year low of $5.62 and a 1 year high of $7.27. The firm’s 50-day moving average is $6.34 and its 200-day moving average is $6.26. The company has a market cap of $58.32 billion, a P/E ratio of 7.63, a PEG ratio of 0.77 and a beta of 0.98.

Itaú Unibanco Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be paid a $0.0031 dividend. The ex-dividend date is Monday, December 2nd. Itaú Unibanco’s payout ratio is currently 3.85%.

Analyst Upgrades and Downgrades

ITUB has been the topic of a number of recent analyst reports. UBS Group lowered shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lowered their price objective on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Itaú Unibanco 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.