Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Groupama Asset Managment

Groupama Asset Managment reduced its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 28.3% during the 4th quarter, HoldingsChannel reports. The firm owned 146,526 shares of the bank’s stock after selling 57,693 shares during the quarter. Groupama Asset Managment’s holdings in Itaú Unibanco were worth $733,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake 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 buying an additional 2,604,304 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Itaú Unibanco by 9.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock valued at $238,173,000 after acquiring an additional 4,151,459 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings 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 valued at $196,705,000 after purchasing an additional 1,286,014 shares during the period. Franklin Resources Inc. increased its position in Itaú Unibanco by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock worth $140,812,000 after purchasing an additional 489,873 shares during the last quarter. Finally, FMR LLC raised its stake 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 purchasing an additional 23,299,313 shares during the period.

Analyst Upgrades and Downgrades

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

Itaú Unibanco Stock Up 0.4 %

Itaú Unibanco stock opened at $5.54 on Thursday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. The firm has a 50 day moving average price of $5.33 and a 200 day moving average price of $5.29. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.30. The company has a market capitalization of $59.73 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last posted 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 net margin of 12.25% and a return on equity of 19.46%. Research analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The firm 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 boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s payout ratio is 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.