Mitsubishi UFJ Trust & Banking Corp Sells 27,690 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 20.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,834 shares of the bank’s stock after selling 27,690 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Itaú Unibanco were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC purchased a new stake in Itaú Unibanco in the 4th quarter worth approximately $57,000. Signaturefd LLC increased its stake in shares of Itaú Unibanco by 4,000.3% in 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 in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Itaú Unibanco during the 3rd quarter valued at $68,000. Fielder Capital Group LLC lifted its stake in shares of Itaú Unibanco by 13.2% during the 4th quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank’s stock valued at $85,000 after buying an additional 2,001 shares in the last quarter. Finally, Freedom Investment Management Inc. bought a new position in Itaú Unibanco in the 3rd quarter worth $90,000.

Itaú Unibanco Trading Up 0.5 %

Shares of ITUB stock opened at $5.53 on Wednesday. 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 stock has a market capitalization of $59.56 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.30. The stock’s 50-day moving average price is $5.32 and its 200-day moving average price is $5.29.

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

Itaú Unibanco Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were paid a $0.0527 dividend. This is a boost 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 Analyst Weigh In

Several equities analysts have recently commented on the company. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective on the stock in a research report on Monday, January 13th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.