Groupama Asset Managment Sells 57,693 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Groupama Asset Managment lessened its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ITUB. Metis Global Partners LLC increased its stake in shares of Itaú Unibanco by 7.4% in the 4th quarter. Metis Global Partners LLC now owns 27,876 shares of the bank's stock valued at $138,000 after purchasing an additional 1,925 shares during the last quarter. Fielder Capital Group LLC grew its position in Itaú Unibanco by 13.2% in the 4th quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock worth $85,000 after purchasing an additional 2,001 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Itaú Unibanco by 16.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank's stock worth $103,000 after buying an additional 2,250 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Itaú Unibanco by 18.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 19,819 shares of the bank's stock worth $98,000 after acquiring an additional 3,089 shares during the period. Finally, Spire Wealth Management raised its position in shares of Itaú Unibanco by 8.2% in the fourth quarter. Spire Wealth Management now owns 44,738 shares of the bank's stock worth $222,000 after buying an additional 3,405 shares in the last quarter.

Analyst Upgrades and Downgrades

ITUB has been the subject of a number of recent analyst reports. Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price 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 issued a strong buy rating to the company's stock. According to MarketBeat, Itaú Unibanco has a consensus rating of "Buy" and a consensus target price of $6.27.

Itaú Unibanco Stock Performance

Shares of NYSE:ITUB traded down $0.08 on Monday, reaching $5.26. The company's stock had a trading volume of 19,720,363 shares, compared to its average volume of 23,572,189. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The stock's 50-day moving average is $5.35 and its two-hundred day moving average is $5.28. Itaú Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.30. The stock has a market capitalization of $56.65 billion, a P/E ratio of 6.72, a PEG ratio of 0.89 and a beta of 0.65.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were issued a $0.0527 dividend. The ex-dividend date of this dividend 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.