Mirabaud Asset Management Ltd Sells 48,162 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Mirabaud Asset Management Ltd decreased its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 39.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,464 shares of the bank's stock after selling 48,162 shares during the period. Mirabaud Asset Management Ltd's holdings in Itaú Unibanco were worth $362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Itaú Unibanco in the 3rd quarter valued at $1,215,000. Franklin Resources Inc. raised its holdings in shares of Itaú Unibanco by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after acquiring an additional 489,873 shares in the last quarter. State Street Corp boosted its position in shares of Itaú Unibanco by 7.4% during the 3rd quarter. State Street Corp now owns 12,522,486 shares of the bank's stock valued at $83,899,000 after acquiring an additional 861,500 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock worth $338,016,000 after purchasing an additional 2,604,304 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Itaú Unibanco by 23.2% in the third quarter. HighTower Advisors LLC now owns 25,586 shares of the bank's stock worth $169,000 after purchasing an additional 4,823 shares during the last quarter.

Itaú Unibanco Trading Down 2.5 %

ITUB traded down $0.14 during trading on Thursday, hitting $5.38. 31,372,217 shares of the stock traded hands, compared to its average volume of 23,949,322. The firm has a market capitalization of $57.95 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.30. 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 firm has a 50-day moving average of $5.37 and a 200 day moving average of $5.27.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Equities research analysts anticipate 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. Investors of record on Wednesday, February 19th were paid a $0.0527 dividend. This is a positive change from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend was Wednesday, February 19th. Itaú Unibanco's dividend payout ratio (DPR) is presently 2.82%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ITUB. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. 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. Finally, UBS Group raised shares of 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's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.