Capital World Investors Sells 24,982 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Capital World Investors lowered its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,154,528 shares of the bank’s stock after selling 24,982 shares during the period. Capital World Investors owned 0.10% of Itaú Unibanco worth $50,366,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in Itaú Unibanco in the 4th quarter valued at $35,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Itaú Unibanco during the fourth quarter worth about $57,000. Signaturefd LLC increased 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 worth $61,000 after acquiring an additional 11,961 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in Itaú Unibanco in the 4th quarter valued at about $67,000. Finally, Peapack Gladstone Financial Corp boosted its stake in Itaú Unibanco by 13.4% during the 4th quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank’s stock valued at $84,000 after purchasing an additional 2,000 shares during the last quarter.

Itaú Unibanco Stock Performance

ITUB stock opened at $5.69 on Tuesday. 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 market cap of $61.34 billion, a PE ratio of 7.29, a P/E/G ratio of 0.89 and a beta of 0.65. The business has a 50 day moving average of $5.40 and a 200-day moving average of $5.24. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.30.

Itaú Unibanco (NYSE:ITUB) last released its earnings results 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%. As a group, sell-side analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.0527 dividend. 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 payout ratio is 2.82%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ITUB. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. Finally, HSBC raised shares of 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. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.27.

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.