Boston Common Asset Management LLC Reduces Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Boston Common Asset Management LLC trimmed its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,401,268 shares of the bank's stock after selling 70,532 shares during the period. Boston Common Asset Management LLC's holdings in Itaú Unibanco were worth $6,950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp boosted its stake in shares of Itaú Unibanco by 68.5% in the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank's stock worth $38,000 after buying an additional 2,469 shares during the last quarter. Daymark Wealth Partners LLC purchased a new position in Itaú Unibanco in the third quarter worth about $68,000. Quantinno Capital Management LP bought a new stake in shares of Itaú Unibanco during the 3rd quarter valued at about $68,000. MQS Management LLC purchased a new stake in shares of Itaú Unibanco during the 3rd quarter valued at about $70,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Itaú Unibanco in the third quarter worth approximately $81,000.

Itaú Unibanco Stock Performance

Shares of ITUB stock traded up $0.03 during mid-day trading on Friday, reaching $5.34. The stock had a trading volume of 20,805,894 shares, compared to its average volume of 25,216,058. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a 1-year low of $4.86 and a 1-year high of $7.27. The firm has a market cap of $52.29 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.57 and a beta of 0.95. The business's fifty day moving average is $5.38 and its 200-day moving average is $6.01.

Itaú Unibanco Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be paid a $0.0029 dividend. This is a boost from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend is Tuesday, February 4th. Itaú Unibanco's payout ratio is currently 3.85%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ITUB. Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. Finally, HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price target for the company in a research report on Monday, January 13th. Four investment 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, the stock has an average rating of "Buy" and an average target price of $6.90.

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.