Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,006 shares of the bank’s stock after selling 231,822 shares during the period. Quantbot Technologies LP’s holdings in Itaú Unibanco were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its position in 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 acquiring an additional 23,299,313 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Itaú Unibanco during the third quarter worth $40,685,000. Fisher Asset Management LLC raised its position in 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 acquiring an additional 2,886,508 shares during the period. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 2,604,304 shares during the period. Finally, Two Sigma Advisers LP raised its position in 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 acquiring an additional 1,779,300 shares during the period.

Itaú Unibanco Price Performance

Shares of NYSE ITUB opened at $5.66 on Monday. The firm has a 50-day simple moving average of $5.21 and a 200-day simple moving average of $5.32. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.35.

Itaú Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, February 6th. The bank reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, equities analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.0527 dividend. The ex-dividend date was Wednesday, February 19th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is currently 2.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective for the company in a research report on Monday, January 13th. Finally, UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $6.27.

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.