JPMorgan Chase & Co. Sells 3,339,906 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

JPMorgan Chase & Co. decreased its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,489,609 shares of the bank's stock after selling 3,339,906 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.48% of Itaú Unibanco worth $235,548,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ITUB. FMR LLC increased its holdings in Itaú Unibanco by 12,592.2% during the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank's stock valued at $156,171,000 after purchasing an additional 23,299,313 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Itaú Unibanco in the third quarter valued at about $40,685,000. GQG Partners LLC lifted its position in Itaú Unibanco by 33.0% during the 4th quarter. GQG Partners LLC now owns 9,269,375 shares of the bank's stock worth $45,976,000 after buying an additional 2,302,211 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Itaú Unibanco by 38.8% during the 3rd quarter. Two Sigma Advisers LP now owns 6,367,875 shares of the bank's stock worth $42,346,000 after acquiring an additional 1,779,300 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda grew its holdings in Itaú Unibanco by 657.9% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,702,655 shares of the bank's stock worth $8,445,000 after acquiring an additional 1,477,993 shares during the last quarter.

Analysts Set New Price Targets

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

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Itaú Unibanco Trading Down 6.2 %

ITUB stock traded down $0.35 during midday trading on Friday, reaching $5.34. The company's stock had a trading volume of 25,110,025 shares, compared to its average volume of 23,581,610. The business's 50-day simple moving average is $5.35 and its 200-day simple moving average is $5.29. 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 $6.30. The stock has a market cap of $57.57 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were paid a $0.0527 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's dividend payout ratio is 2.82%.

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.