B. Metzler seel. Sohn & Co. AG Has $4.03 Million Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 812,533 shares of the bank’s stock after selling 198,313 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Itaú Unibanco were worth $4,030,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ITUB. JPMorgan Chase & Co. lifted its holdings in Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after buying an additional 2,604,304 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Itaú Unibanco by 9.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock worth $238,173,000 after acquiring an additional 4,151,459 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Itaú Unibanco by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock worth $196,705,000 after acquiring an additional 1,286,014 shares during the period. Franklin Resources Inc. boosted its holdings in Itaú Unibanco by 1.3% in the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank’s stock valued at $174,930,000 after acquiring an additional 346,390 shares during the last quarter. Finally, FMR LLC increased its position in Itaú Unibanco by 12,592.2% during the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock valued at $156,171,000 after purchasing an additional 23,299,313 shares during the period.

Wall Street Analyst Weigh In

ITUB has been the topic of a number of recent analyst reports. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price target on the stock in a research report on Monday, January 13th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Itaú Unibanco currently has a consensus rating of “Buy” and a consensus target price of $6.27.

Itaú Unibanco Stock Down 0.5 %

Shares of NYSE ITUB opened at $5.50 on Tuesday. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.30. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The firm has a market cap of $59.24 billion, a PE ratio of 7.04, a P/E/G ratio of 0.89 and a beta of 0.97. The company’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $5.30.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings data 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%. As a group, sell-side analysts forecast 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 announced a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.0527 per share. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date was Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio is presently 2.82%.

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.