Todd Asset Management LLC Lowers Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Todd Asset Management LLC lessened its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,252,444 shares of the bank's stock after selling 44,693 shares during the period. Todd Asset Management LLC owned approximately 0.05% of Itaú Unibanco worth $26,052,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ITUB. JPMorgan Chase & Co. increased its stake in Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after purchasing an additional 2,604,304 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Itaú Unibanco by 6.1% during the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank's stock valued at $336,408,000 after acquiring an additional 2,886,508 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Itaú Unibanco by 3.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock worth $196,705,000 after acquiring an additional 1,286,014 shares during the last quarter. Franklin Resources Inc. lifted its position in Itaú Unibanco by 1.3% in the 3rd quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank's stock valued at $174,930,000 after acquiring an additional 346,390 shares in the last quarter. Finally, FMR LLC boosted its stake 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 during the last quarter.

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Itaú Unibanco Stock Performance

Shares of ITUB traded down $0.17 on Friday, reaching $5.48. The company's stock had a trading volume of 25,975,236 shares, compared to its average volume of 25,469,135. Itaú Unibanco Holding S.A. has a 12-month low of $4.86 and a 12-month high of $7.04. The stock has a market capitalization of $53.66 billion, a P/E ratio of 7.02, a PEG ratio of 0.89 and a beta of 0.95. 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 stock's 50 day simple moving average is $5.46 and its two-hundred day simple moving average is $5.95.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be given a $0.058 dividend. This is a boost from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date is Wednesday, February 19th. Itaú Unibanco's dividend payout ratio is presently 2.56%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. decreased their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Finally, HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price objective on the stock in a research report on Monday, January 13th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Itaú Unibanco has an average rating of "Buy" and a consensus price target of $6.90.

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.