American Century Companies Inc. Sells 4,892,329 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

American Century Companies Inc. lessened its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 66.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,511,791 shares of the bank’s stock after selling 4,892,329 shares during the period. American Century Companies Inc.’s holdings in Itaú Unibanco were worth $12,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in Itaú Unibanco in the 2nd quarter valued at approximately $30,000. Natixis bought a new position in Itaú Unibanco in the 4th quarter valued at approximately $38,000. Penserra Capital Management LLC bought a new position in Itaú Unibanco in the 4th quarter valued at approximately $41,000. Fox Run Management L.L.C. bought a new position in Itaú Unibanco in the 4th quarter valued at approximately $48,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Itaú Unibanco in the 4th quarter valued at approximately $49,000.

Itaú Unibanco Trading Up 1.5 %

Shares of NYSE ITUB opened at $5.58 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.74 and a current ratio of 1.74. Itaú Unibanco Holding S.A. has a 52-week low of $4.21 and a 52-week high of $6.15. The firm has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $5.33. The stock has a market cap of $54.68 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 0.75 and a beta of 0.69.

Itaú Unibanco Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Tuesday, September 5th will be given a $0.003 dividend. This represents a $0.04 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, September 1st. Itaú Unibanco’s dividend payout ratio (DPR) is currently 4.84%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded shares of Itaú Unibanco from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 19th.

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.