Walleye Capital LLC Sells 864,276 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Walleye Capital LLC lessened its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 98.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,489 shares of the bank's stock after selling 864,276 shares during the quarter. Walleye Capital LLC's holdings in Itaú Unibanco were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ITUB. Driehaus Capital Management LLC raised its position in Itaú Unibanco by 77.5% in the second quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank's stock worth $41,549,000 after purchasing an additional 3,106,130 shares in the last quarter. Perpetual Ltd raised its holdings in shares of Itaú Unibanco by 9.0% in the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank's stock worth $90,638,000 after buying an additional 1,126,695 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Itaú Unibanco by 2.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank's stock worth $134,606,000 after buying an additional 529,600 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Itaú Unibanco by 6.1% during the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank's stock worth $336,408,000 after buying an additional 2,886,508 shares during the period. Finally, DRW Securities LLC acquired a new stake in Itaú Unibanco in the 3rd quarter valued at $925,000.

Itaú Unibanco Price Performance

Shares of ITUB stock traded down $0.12 during trading hours on Friday, hitting $5.27. 33,085,488 shares of the company's stock were exchanged, compared to its average volume of 18,987,402. Itaú Unibanco Holding S.A. has a 52 week low of $5.25 and a 52 week high of $7.27. The stock has a market cap of $51.60 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75. The stock's 50-day moving average is $5.98 and its 200-day moving average is $6.17.

Itaú Unibanco Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be paid a $0.0031 dividend. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco's dividend payout ratio is presently 47.44%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ITUB shares. JPMorgan Chase & Co. cut their price objective on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. UBS Group downgraded shares of Itaú Unibanco from a "buy" rating to a "neutral" rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.