INCA Investments LLC Has $5.63 Million Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

INCA Investments LLC lowered its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,134,092 shares of the bank's stock after selling 634,283 shares during the quarter. Itaú Unibanco accounts for about 2.3% of INCA Investments LLC's investment portfolio, making the stock its 10th biggest holding. INCA Investments LLC's holdings in Itaú Unibanco were worth $5,625,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings 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 valued at $38,000 after buying an additional 2,469 shares during the period. Quantinno Capital Management LP bought a new position in Itaú Unibanco during the third quarter worth about $68,000. MQS Management LLC acquired a new position in Itaú Unibanco in the third quarter valued at about $70,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Itaú Unibanco in the fourth quarter worth about $57,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Itaú Unibanco during the third quarter worth about $81,000.

Itaú Unibanco Stock Down 0.7 %

NYSE ITUB traded down $0.05 during trading on Tuesday, hitting $6.05. The stock had a trading volume of 26,495,207 shares, compared to its average volume of 26,330,559. Itaú Unibanco Holding S.A. has a 12 month low of $4.86 and a 12 month high of $7.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. The company's 50-day moving average price is $5.39 and its two-hundred day moving average price is $5.96. The company has a market capitalization of $59.25 billion, a PE ratio of 7.75, a P/E/G ratio of 0.67 and a beta of 0.95.

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Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.76% and a net margin of 12.25%. As a group, sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.82 EPS for the current year.

Itaú Unibanco Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend payout ratio is currently 3.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ITUB shares. Hsbc Global Res upgraded Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. 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 report on Monday, January 13th. UBS Group upgraded shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target 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.