Todd Asset Management LLC Sells 44,693 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Todd Asset Management LLC reduced its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,252,444 shares of the bank’s stock after selling 44,693 shares during the period. Todd Asset Management LLC’s holdings in Itaú Unibanco were worth $26,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in Itaú Unibanco by 16.9% in the third quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank’s stock worth $103,000 after purchasing an additional 2,250 shares during the period. Van ECK Associates Corp boosted its stake in shares of Itaú Unibanco by 68.5% in the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock valued at $38,000 after purchasing an additional 2,469 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Itaú Unibanco by 18.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 19,819 shares of the bank’s stock worth $98,000 after buying an additional 3,089 shares during the period. Spire Wealth Management raised its stake in shares of Itaú Unibanco by 8.2% during the fourth quarter. Spire Wealth Management now owns 44,738 shares of the bank’s stock worth $222,000 after buying an additional 3,405 shares during the last quarter. Finally, Creative Planning lifted its holdings in Itaú Unibanco by 33.5% in the third quarter. Creative Planning now owns 14,941 shares of the bank’s stock valued at $99,000 after buying an additional 3,753 shares during the period.

Itaú Unibanco Price Performance

Shares of ITUB stock opened at $5.65 on Tuesday. The firm has a market capitalization of $55.33 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95. 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 quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The firm has a fifty day moving average of $5.43 and a 200-day moving average of $5.96.

Itaú Unibanco (NYSE:ITUB) last posted its earnings results 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%. On average, equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The firm also recently announced 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. 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 73.08%.

Analysts Set New Price Targets

ITUB has been the subject of a number of analyst reports. UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Finally, HSBC upgraded 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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $6.90.

About Itaú Unibanco

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.