Quantbot Technologies LP Has $1.96 Million Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Quantbot Technologies LP trimmed its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 36.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,006 shares of the bank's stock after selling 231,822 shares during the quarter. Quantbot Technologies LP's holdings in Itaú Unibanco were worth $1,964,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Blueshift Asset Management LLC raised its position in shares of Itaú Unibanco by 198.4% during the 4th quarter. Blueshift Asset Management LLC now owns 125,310 shares of the bank's stock worth $622,000 after buying an additional 83,320 shares in the last quarter. Boston Partners lifted its stake in Itaú Unibanco by 3.5% during the fourth quarter. Boston Partners now owns 1,162,884 shares of the bank's stock valued at $5,768,000 after purchasing an additional 38,924 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after purchasing an additional 11,961 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in Itaú Unibanco during the fourth quarter valued at about $1,854,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Itaú Unibanco by 19.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 776,466 shares of the bank's stock worth $3,851,000 after acquiring an additional 126,478 shares in the last quarter.

Itaú Unibanco Stock Performance

Shares of NYSE:ITUB traded down $0.03 during trading on Thursday, reaching $5.60. The stock had a trading volume of 18,498,169 shares, compared to its average volume of 23,381,737. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.35. The stock has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $5.31. The firm has a market capitalization of $60.32 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 0.89 and a beta of 0.97.

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

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.0527 per share. 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 dividend payout ratio (DPR) is presently 2.82%.

Analysts Set New Price Targets

ITUB has been the subject of a number of recent analyst reports. UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. Finally, HSBC raised Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price on the stock in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $6.27.

Itaú Unibanco Company 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.