DekaBank Deutsche Girozentrale Decreases Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

DekaBank Deutsche Girozentrale trimmed its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 28.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,000 shares of the bank's stock after selling 200,000 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Itaú Unibanco were worth $3,409,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its position in Itaú Unibanco by 571.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 6,888 shares of the bank's stock worth $48,000 after purchasing an additional 5,862 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Itaú Unibanco during the 1st quarter worth approximately $49,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Itaú Unibanco during the 2nd quarter valued at approximately $65,000. Daymark Wealth Partners LLC acquired a new position in Itaú Unibanco in the third quarter valued at approximately $68,000. Finally, Wealth Advisory Solutions LLC purchased a new position in Itaú Unibanco in the second quarter worth approximately $83,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered Itaú Unibanco from a "buy" rating to a "neutral" rating in a research note on Thursday, August 22nd.

Itaú Unibanco Trading Down 1.8 %

Itaú Unibanco stock traded down $0.11 during trading on Friday, hitting $5.94. The company had a trading volume of 23,782,424 shares, compared to its average volume of 17,861,041. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.34. The company's 50 day simple moving average is $6.47 and its 200-day simple moving average is $6.27. Itaú Unibanco Holding S.A. has a 1-year low of $5.47 and a 1-year high of $7.27. The stock has a market cap of $58.22 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. The firm had revenue of $16.54 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, analysts expect that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 9th. Stockholders of record on Tuesday, November 12th will be paid a $0.003 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Tuesday, November 12th. Itaú Unibanco's payout ratio is 3.95%.

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.