PDS Planning Inc Reduces Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

PDS Planning Inc lessened its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,675 shares of the bank’s stock after selling 2,868 shares during the period. PDS Planning Inc’s holdings in Itaú Unibanco were worth $68,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ITUB. Mount Yale Investment Advisors LLC purchased a new position in shares of Itaú Unibanco during the fourth quarter valued at approximately $57,000. Signaturefd LLC boosted its position in shares of Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock valued at $61,000 after buying an additional 11,961 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Itaú Unibanco during the third quarter valued at approximately $68,000. Raymond James Trust N.A. purchased a new position in shares of Itaú Unibanco during the third quarter valued at approximately $81,000. Finally, Fielder Capital Group LLC boosted its position in shares of Itaú Unibanco by 13.2% during the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank’s stock valued at $85,000 after buying an additional 2,001 shares during the period.

Wall Street Analysts Forecast Growth

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

Itaú Unibanco Stock Performance

Itaú Unibanco stock opened at $5.76 on Thursday. The company has a 50 day moving average price of $5.67 and a 200-day moving average price of $5.85. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.39. The company has a market capitalization of $56.47 billion, a PE ratio of 7.39, a P/E/G ratio of 0.89 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 EPS 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%. As a group, equities 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 disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were paid a $0.058 dividend. This is an increase from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date was Wednesday, February 19th. Itaú Unibanco’s payout ratio is 2.56%.

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.