Itaú Unibanco Holding S.A. (NYSE:ITUB) Stock Holdings Lessened by INCA Investments LLC

INCA Investments LLC reduced its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,768,375 shares of the bank's stock after selling 215,787 shares during the quarter. Itaú Unibanco accounts for approximately 5.0% of INCA Investments LLC's holdings, making the stock its 7th biggest position. INCA Investments LLC's holdings in Itaú Unibanco were worth $11,760,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Itaú Unibanco by 68.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank's stock valued at $38,000 after purchasing an additional 2,469 shares during the period. Bessemer Group Inc. purchased a new position in shares of Itaú Unibanco during the 1st quarter valued at about $49,000. Daymark Wealth Partners LLC purchased a new position in shares of Itaú Unibanco during the 3rd quarter valued at about $68,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Itaú Unibanco during the 2nd quarter valued at about $65,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Itaú Unibanco by 105.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,172 shares of the bank's stock valued at $83,000 after buying an additional 7,284 shares in the last quarter.

Itaú Unibanco Price Performance

NYSE ITUB traded down $0.05 during trading hours on Tuesday, reaching $6.03. The company's stock had a trading volume of 16,677,471 shares, compared to its average volume of 18,203,975. The firm's 50-day moving average price is $6.41 and its 200-day moving average price is $6.27. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a 1 year low of $5.62 and a 1 year high of $7.27. The company has a market capitalization of $59.10 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.79 and a beta of 0.98.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 2nd will be issued a $0.0031 dividend. The ex-dividend date is Monday, December 2nd. Itaú Unibanco's dividend payout ratio is presently 3.85%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th. UBS Group cut Itaú Unibanco from a "buy" rating to a "neutral" rating in a research report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.50.

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.