Wealth Alliance Reduces Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Wealth Alliance cut its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,176 shares of the bank’s stock after selling 8,535 shares during the period. Wealth Alliance’s holdings in Itaú Unibanco were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ITUB. FMR LLC increased its position in shares of Itaú Unibanco by 12,592.2% in 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. Public Employees Retirement System of Ohio purchased a new stake in shares of Itaú Unibanco in the 3rd quarter valued at approximately $40,685,000. Fisher Asset Management LLC increased its position in shares of Itaú Unibanco by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock valued at $336,408,000 after purchasing an additional 2,886,508 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Itaú Unibanco by 5.4% in 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 during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Itaú Unibanco by 38.8% in the 3rd quarter. Two Sigma Advisers LP now owns 6,367,875 shares of the bank’s stock valued at $42,346,000 after purchasing an additional 1,779,300 shares during the last quarter.

Analysts Set New Price Targets

ITUB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a 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 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 stock. Based on data from MarketBeat.com, Itaú Unibanco has a consensus rating of “Buy” and an average price target of $6.90.

Itaú Unibanco Trading Down 0.6 %

Shares of Itaú Unibanco stock opened at $5.73 on Friday. The company has a fifty day simple moving average of $5.42 and a 200-day simple moving average of $5.96. Itaú Unibanco Holding S.A. has a 12-month low of $4.86 and a 12-month high of $7.07. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The stock has a market cap of $56.11 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.89 and a beta of 0.95.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results 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%. On average, equities analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.058 per share. The ex-dividend date is Wednesday, February 19th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is currently 73.08%.

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.