Aviva PLC Sells 4,300 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Aviva PLC trimmed its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB – Get Rating) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,370 shares of the bank’s stock after selling 4,300 shares during the quarter. Aviva PLC’s holdings in Itaú Unibanco were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Eagle Bay Advisors LLC purchased a new position in Itaú Unibanco in the second quarter worth $30,000. Harbor Investment Advisory LLC purchased a new stake in Itaú Unibanco in the fourth quarter valued at approximately $40,000. Huntington National Bank grew its position in Itaú Unibanco by 33.4% during the third quarter. Huntington National Bank now owns 8,353 shares of the bank’s stock valued at $43,000 after acquiring an additional 2,093 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Itaú Unibanco during the fourth quarter valued at approximately $48,000. Finally, Alliance Wealth Advisors LLC UT bought a new position in Itaú Unibanco during the fourth quarter valued at approximately $49,000. 2.25% of the stock is currently owned by institutional investors.

Itaú Unibanco Trading Down 1.5 %

Itaú Unibanco stock opened at $5.26 on Tuesday. The business has a 50-day simple moving average of $4.96 and a two-hundred day simple moving average of $4.91. The company has a market cap of $51.55 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.62 and a beta of 0.66. Itaú Unibanco Holding S.A. has a 52-week low of $3.90 and a 52-week high of $6.07. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.40.

Itaú Unibanco Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 2nd will be issued a $0.003 dividend. The ex-dividend date is Thursday, June 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.68%. Itaú Unibanco’s dividend payout ratio is presently 5.08%.

Analyst Ratings Changes

Separately, Morgan Stanley cut shares of Itaú Unibanco from an “overweight” rating to an “equal weight” rating in a report on Friday.

Itaú Unibanco Profile

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Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and abroad. It operates through the following segments: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. The Retail Banking segment includes credit cards, asset management, insurance, pension plan and capitalization products, and a variety of credit products and services for individuals and small companies.