NS Partners Ltd Sells 1,532,900 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

NS Partners Ltd trimmed its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,484,953 shares of the bank's stock after selling 1,532,900 shares during the period. NS Partners Ltd's holdings in Itaú Unibanco were worth $12,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITUB. Van ECK Associates Corp boosted 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 buying an additional 2,469 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Itaú Unibanco during the 3rd quarter valued at $68,000. MQS Management LLC acquired a new stake in shares of Itaú Unibanco during the 3rd quarter valued at about $70,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Itaú Unibanco in the 4th quarter valued at approximately $57,000. Finally, Raymond James Trust N.A. acquired a new position in Itaú Unibanco in the third quarter worth approximately $81,000.

Itaú Unibanco Stock Performance

Shares of Itaú Unibanco stock traded up $0.01 during trading on Friday, reaching $5.68. The company's stock had a trading volume of 18,301,112 shares, compared to its average volume of 24,818,877. 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 business's fifty day moving average price is $5.53 and its 200-day moving average price is $5.89. The firm has a market cap of $55.62 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a one year low of $4.86 and a one year high of $7.04.

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Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, equities research analysts predict 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 declared a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.058 per share. This is an increase from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date is Wednesday, February 19th. Itaú Unibanco's payout ratio is 2.56%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, HSBC raised 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 research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $6.90.

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.