O Shaughnessy Asset Management LLC Has $733,000 Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

O Shaughnessy Asset Management LLC lowered its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 32.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,688 shares of the bank’s stock after selling 70,782 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Itaú Unibanco were worth $733,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new position in Itaú Unibanco in the fourth quarter valued at about $57,000. Signaturefd LLC increased its position in Itaú Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after purchasing an additional 11,961 shares in the last quarter. Quantinno Capital Management LP bought a new position in Itaú Unibanco in the 3rd quarter valued at approximately $68,000. Fielder Capital Group LLC boosted its position in Itaú Unibanco by 13.2% in 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 in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Itaú Unibanco during the fourth quarter worth $94,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective on the stock in a report on Monday, January 13th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $6.27.

Itaú Unibanco Stock Down 1.6 %

Shares of ITUB opened at $5.22 on Wednesday. The stock’s 50-day moving average price is $5.36 and its two-hundred day moving average price is $5.27. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.30. The company has a market capitalization of $56.22 billion, a PE ratio of 6.69, a PEG ratio of 0.89 and a beta of 0.65. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.0527 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is 2.82%.

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.