Mondrian Investment Partners LTD Decreases Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Mondrian Investment Partners LTD reduced its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 10.3% in the 2nd quarter, Holdings Channel reports. The firm owned 4,917,679 shares of the bank’s stock after selling 562,179 shares during the period. Mondrian Investment Partners LTD’s holdings in Itaú Unibanco were worth $29,604,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in Itaú Unibanco by 67.0% in the 1st quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,755 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Itaú Unibanco by 571.3% in the first 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 during the period. Bessemer Group Inc. acquired a new position in shares of Itaú Unibanco during the first quarter worth $49,000. Sunpointe LLC purchased a new position in Itaú Unibanco in the fourth quarter valued at about $72,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Itaú Unibanco during the 4th quarter worth $74,000.

Itaú Unibanco Trading Down 0.3 %

Shares of NYSE ITUB opened at $6.71 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.34. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.85 and a beta of 0.97. The company’s fifty day moving average is $6.39 and its 200-day moving average is $6.35. Itaú Unibanco Holding S.A. has a twelve month low of $5.12 and a twelve month high of $7.27.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities research analysts predict that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current year.

Itaú Unibanco Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 2nd will be issued a $0.0031 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. Itaú Unibanco’s dividend payout ratio is currently 48.65%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ITUB shares. UBS Group downgraded shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. Morgan Stanley raised Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Itaú Unibanco has an average rating of “Hold” and an average target price of $7.05.

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.