Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,043,737 shares of the bank's stock after selling 75,763 shares during the period. Vanguard Group Inc. owned about 0.24% of Itaú Unibanco worth $114,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new position in shares of Itaú Unibanco during the 3rd quarter worth $68,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Itaú Unibanco during the 4th quarter valued at about $57,000. Signaturefd LLC boosted its stake in shares of Itaú Unibanco by 4,000.3% in the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after purchasing an additional 11,961 shares during the period. Coldstream Capital Management Inc. boosted its position in Itaú Unibanco by 16.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank's stock valued at $103,000 after buying an additional 2,250 shares during the last quarter. Finally, Fielder Capital Group LLC grew its stake in Itaú Unibanco by 13.2% during the 4th quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock valued at $85,000 after purchasing an additional 2,001 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Itaú Unibanco Stock Performance

Shares of NYSE:ITUB traded up $0.09 during trading on Friday, reaching $5.46. 32,574,729 shares of the company's stock traded hands, compared to its average volume of 24,074,560. 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 company has a 50 day moving average of $5.37 and a 200-day moving average of $5.25. The stock has a market capitalization of $58.81 billion, a P/E ratio of 6.99, 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.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share 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%. On average, equities analysts expect that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were given a $0.0527 dividend. This is a boost 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 is 2.82%.

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.