Victory Capital Management Inc. Trims Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Victory Capital Management Inc. lowered its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,300,457 shares of the bank's stock after selling 394,134 shares during the period. Victory Capital Management Inc. owned 0.06% of Itaú Unibanco worth $31,250,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ITUB. Creative Planning grew its stake in Itaú Unibanco by 33.5% during the third quarter. Creative Planning now owns 14,941 shares of the bank's stock valued at $99,000 after acquiring an additional 3,753 shares in the last quarter. Van ECK Associates Corp grew its stake in Itaú Unibanco by 68.5% during the third quarter. Van ECK Associates Corp now owns 6,071 shares of the bank's stock valued at $38,000 after acquiring an additional 2,469 shares in the last quarter. QRG Capital Management Inc. grew its stake in Itaú Unibanco by 7.3% during the third quarter. QRG Capital Management Inc. now owns 104,566 shares of the bank's stock valued at $695,000 after acquiring an additional 7,071 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in Itaú Unibanco by 1.5% during the third quarter. Baker Avenue Asset Management LP now owns 303,181 shares of the bank's stock valued at $2,016,000 after acquiring an additional 4,485 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Itaú Unibanco by 3.4% during the third quarter. Crossmark Global Holdings Inc. now owns 483,231 shares of the bank's stock valued at $3,214,000 after acquiring an additional 15,790 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. UBS Group upgraded shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 target price for the company in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $6.90.

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Itaú Unibanco Trading Up 0.1 %

Shares of Itaú Unibanco stock opened at $5.68 on Monday. Itaú Unibanco Holding S.A. has a 1 year low of $4.86 and a 1 year high of $7.04. The firm has a market cap of $55.62 billion, a PE ratio of 7.28, a PEG ratio of 0.89 and a beta of 0.97. 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 simple moving average of $5.53 and a two-hundred day simple moving average of $5.89.

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

Itaú Unibanco Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th will be issued a $0.058 dividend. This is a positive change from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, February 19th. Itaú Unibanco's payout ratio is presently 2.56%.

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.

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