B. Metzler seel. Sohn & Co. AG Sells 198,313 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

B. Metzler seel. Sohn & Co. AG decreased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 19.6% in the 4th quarter, according to its most recent 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mount Yale Investment Advisors LLC bought a new stake in shares of Itaú Unibanco during the fourth quarter worth approximately $57,000. Signaturefd LLC boosted its stake in Itaú Unibanco by 4,000.3% in the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after purchasing an additional 11,961 shares during the period. Quantinno Capital Management LP acquired a new position in Itaú Unibanco in the 3rd quarter valued at $68,000. Fielder Capital Group LLC lifted its holdings in shares of Itaú Unibanco by 13.2% during the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock worth $85,000 after buying an additional 2,001 shares in the last quarter. Finally, Freedom Investment Management Inc. acquired a new stake in shares of Itaú Unibanco during the third quarter worth $90,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ITUB. UBS Group upgraded shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. Finally, HSBC raised 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. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Itaú Unibanco currently has an average rating of "Buy" and an average price target of $6.27.

Itaú Unibanco Price Performance

NYSE ITUB traded down $0.35 on Friday, hitting $5.34. 25,110,025 shares of the company's stock were exchanged, compared to its average volume of 23,581,610. The stock has a 50-day moving average of $5.35 and a 200-day moving average of $5.29. The stock has a market cap of $57.57 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.89 and a beta of 0.65. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.30. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a dividend of $0.0527 per share. 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 payout ratio is 2.82%.

About Itaú Unibanco

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.