Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by INCA Investments LLC

INCA Investments LLC decreased its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 35.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,134,092 shares of the bank’s stock after selling 634,283 shares during the period. Itaú Unibanco makes up about 2.3% of INCA Investments LLC’s investment portfolio, making the stock its 10th biggest holding. INCA Investments LLC’s holdings in Itaú Unibanco were worth $5,625,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ITUB. FMR LLC raised its holdings in shares of Itaú Unibanco by 12,592.2% in the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock worth $156,171,000 after buying an additional 23,299,313 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Itaú Unibanco in the 3rd quarter worth approximately $40,685,000. Fisher Asset Management LLC raised its holdings in shares of Itaú Unibanco by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock worth $336,408,000 after buying an additional 2,886,508 shares in the last quarter. JPMorgan Chase & Co. grew its position in Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after acquiring an additional 2,604,304 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Itaú Unibanco by 38.8% during the 3rd quarter. Two Sigma Advisers LP now owns 6,367,875 shares of the bank’s stock worth $42,346,000 after acquiring an additional 1,779,300 shares during the last quarter.

Itaú Unibanco Stock Performance

ITUB stock opened at $5.87 on Friday. The firm has a market cap of $57.49 billion, a PE ratio of 7.52, a P/E/G ratio of 0.67 and a beta of 0.95. The business’s 50-day moving average price is $5.35 and its two-hundred day moving average price is $5.96. Itaú Unibanco Holding S.A. has a 1-year low of $4.86 and a 1-year high of $7.27. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results 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 net margin of 12.25% and a return on equity of 19.76%. As a group, research analysts forecast that Itaú Unibanco Holding S.A. will post 0.82 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be given a $0.058 dividend. The ex-dividend date is Wednesday, February 19th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s payout ratio is currently 71.79%.

Analyst Ratings Changes

ITUB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target on the stock in a research note on Monday, January 13th. Finally, UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Itaú Unibanco has a consensus rating of “Buy” and an average target price of $6.90.

Itaú Unibanco Profile

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.