Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUBFree Report) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,021,707 shares of the bank’s stock after selling 488,972 shares during the quarter. Vanguard Group Inc. owned 0.28% of Itaú Unibanco worth $145,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Schroder Investment Management Group increased its stake in shares of Itaú Unibanco by 1.7% during the third quarter. Schroder Investment Management Group now owns 95,992,864 shares of the bank’s stock worth $515,482,000 after acquiring an additional 1,613,409 shares during the period. Westwood Global Investments LLC boosted its holdings in Itaú Unibanco by 2.8% during the third quarter. Westwood Global Investments LLC now owns 63,473,083 shares of the bank’s stock worth $340,850,000 after buying an additional 1,746,682 shares in the last quarter. BlackRock Inc. boosted its holdings in Itaú Unibanco by 41.4% during the first quarter. BlackRock Inc. now owns 37,984,762 shares of the bank’s stock worth $216,894,000 after buying an additional 11,129,486 shares in the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Itaú Unibanco by 0.3% during the third quarter. Itau Unibanco Holding S.A. now owns 23,221,327 shares of the bank’s stock worth $124,699,000 after buying an additional 76,541 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Itaú Unibanco by 244.7% during the first quarter. Renaissance Technologies LLC now owns 20,872,374 shares of the bank’s stock worth $119,181,000 after buying an additional 14,818,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ITUB shares. HSBC downgraded shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 price objective for the company in a research report on Tuesday, January 16th.

View Our Latest Analysis on ITUB

Itaú Unibanco Stock Performance

Itaú Unibanco stock opened at $6.62 on Tuesday. Itaú Unibanco Holding S.A. has a 52-week low of $4.66 and a 52-week high of $7.27. The firm has a fifty day moving average of $6.84 and a 200-day moving average of $6.34. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.59 and a quick ratio of 1.58.

Itaú Unibanco (NYSE:ITUBGet Free Report) last released its quarterly earnings data on Monday, February 5th. The bank reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Itaú Unibanco had a net margin of 10.48% and a return on equity of 17.76%. The company had revenue of $7.75 billion during the quarter, compared to analyst estimates of $8.05 billion. As a group, analysts predict that Itaú Unibanco Holding S.A. will post 0.82 EPS for the current year.

Itaú Unibanco Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 1st will be paid a $0.0036 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is 5.88%.

Itaú Unibanco Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Itaú Unibanco (NYSE:ITUB)

Receive News & Ratings for Itaú Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itaú Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.