Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Whittier Trust Co.

Whittier Trust Co. reduced its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,213 shares of the bank’s stock after selling 8,082 shares during the quarter. Whittier Trust Co.’s holdings in Itaú Unibanco were worth $585,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Itaú Unibanco by 67.0% in the 1st quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock worth $30,000 after buying an additional 1,755 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Itaú Unibanco by 571.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,888 shares of the bank’s stock valued at $48,000 after purchasing an additional 5,862 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Itaú Unibanco during the 1st quarter valued at about $49,000. National Bank of Canada FI lifted its stake in Itaú Unibanco by 20,555.6% during the fourth quarter. National Bank of Canada FI now owns 7,436 shares of the bank’s stock valued at $51,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Itaú Unibanco by 54.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock worth $56,000 after buying an additional 2,838 shares in the last quarter.

Itaú Unibanco Stock Performance

Shares of NYSE:ITUB traded down $0.14 during trading on Thursday, hitting $6.60. 8,292,125 shares of the stock were exchanged, compared to its average volume of 17,573,035. The company’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.38. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $64.69 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.72 and a beta of 0.97. Itaú Unibanco Holding S.A. has a 1-year low of $5.12 and a 1-year high of $7.27.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Tuesday, August 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 11.09% and a return on equity of 18.73%. During the same quarter in the prior year, the business posted $0.18 earnings per share. Sell-side analysts expect that Itaú Unibanco Holding S.A. will post 0.81 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.0031 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Tuesday, September 3rd. Itaú Unibanco’s payout ratio is 4.05%.

Analysts Set New Price Targets

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

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.