Keybank National Association OH Reduces Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Keybank National Association OH decreased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,521 shares of the bank’s stock after selling 1,826 shares during the period. Keybank National Association OH’s holdings in Itaú Unibanco were worth $52,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Itaú Unibanco by 12,592.2% during the third quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock worth $156,171,000 after purchasing an additional 23,299,313 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Itaú Unibanco during the third quarter worth $40,685,000. Fisher Asset Management LLC boosted its holdings in shares of Itaú Unibanco by 6.1% during the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock worth $336,408,000 after purchasing an additional 2,886,508 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after purchasing an additional 2,604,304 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Itaú Unibanco by 38.8% during the third quarter. Two Sigma Advisers LP now owns 6,367,875 shares of the bank’s stock worth $42,346,000 after purchasing an additional 1,779,300 shares during the last quarter.

Itaú Unibanco Price Performance

Shares of Itaú Unibanco stock opened at $5.65 on Wednesday. Itaú Unibanco Holding S.A. has a twelve month low of $4.86 and a twelve month high of $7.04. The stock has a market capitalization of $55.33 billion, a P/E ratio of 7.24, a PEG ratio of 0.89 and a beta of 0.97. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The business’s fifty day moving average price is $5.56 and its 200 day moving average price is $5.88.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. As a group, research analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be given a $0.058 dividend. The ex-dividend date is Wednesday, February 19th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is 2.56%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a 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 equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.