Quantbot Technologies LP Reduces Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Quantbot Technologies LP lessened its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 36.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 396,006 shares of the bank’s stock after selling 231,822 shares during the quarter. Quantbot Technologies LP’s holdings in Itaú Unibanco were worth $1,964,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC purchased a new position in Itaú Unibanco during the fourth quarter worth about $57,000. Signaturefd LLC boosted its stake in 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 buying an additional 11,961 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Itaú Unibanco in the third quarter valued at approximately $68,000. Raymond James Trust N.A. purchased a new position in shares of Itaú Unibanco in the third quarter valued at approximately $81,000. Finally, Fielder Capital Group LLC boosted its stake in shares of 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 purchasing an additional 2,001 shares during the period.

Analyst Upgrades and Downgrades

ITUB has been the subject of several recent research reports. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective for the company in a research note on Monday, January 13th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Finally, UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $6.27.

Itaú Unibanco Stock Down 0.1 %

Shares of NYSE:ITUB opened at $5.66 on Monday. The firm’s 50 day moving average price is $5.21 and its 200 day moving average price is $5.32. The stock has a market cap of $60.97 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.35. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. As a group, equities research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.0527 dividend. This is a boost from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend was Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio (DPR) 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.