Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. reduced its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,975 shares of the bank’s stock after selling 2,066 shares during the period. Financial Counselors Inc.’s holdings in Itaú Unibanco were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITUB. Mount Yale Investment Advisors LLC purchased a new stake in Itaú Unibanco during the 4th quarter worth about $57,000. Signaturefd LLC lifted its stake in Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after purchasing an additional 11,961 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Itaú Unibanco in the third quarter valued at approximately $68,000. Raymond James Trust N.A. purchased a new position in Itaú Unibanco in the third quarter valued at approximately $81,000. Finally, Fielder Capital Group LLC raised its holdings in 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 in the last quarter.

Itaú Unibanco Stock Down 1.5 %

Shares of NYSE:ITUB opened at $5.52 on Friday. Itaú Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $6.30. 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 stock has a market cap 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. The firm has a fifty day moving average price of $5.29 and a 200 day moving average price of $5.31.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Sell-side analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current 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 paid a dividend of $0.0527 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is 2.82%.

Analyst Ratings Changes

ITUB has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective on the stock in a report on Monday, January 13th. Finally, UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.