Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 13.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 58,501 shares of the bank’s stock after acquiring an additional 6,927 shares during the period. Cerity Partners LLC’s holdings in Itaú Unibanco were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in shares of Itaú Unibanco by 4.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 40,389 shares of the bank’s stock valued at $281,000 after buying an additional 1,584 shares in the last quarter. PDS Planning Inc lifted its position in shares of Itaú Unibanco by 18.6% during the 3rd quarter. PDS Planning Inc now owns 12,652 shares of the bank’s stock valued at $68,000 after buying an additional 1,984 shares in the last quarter. Schechter Investment Advisors LLC lifted its position in shares of Itaú Unibanco by 13.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 17,654 shares of the bank’s stock valued at $123,000 after buying an additional 2,152 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Itaú Unibanco by 227.8% during the 3rd quarter. Lindbrook Capital LLC now owns 5,133 shares of the bank’s stock valued at $28,000 after buying an additional 3,567 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Itaú Unibanco by 1.0% during the 3rd quarter. Clearbridge Investments LLC now owns 426,440 shares of the bank’s stock valued at $2,290,000 after buying an additional 4,114 shares in the last quarter.

Itaú Unibanco Stock Performance

Shares of ITUB stock opened at $6.11 on Friday. The stock’s fifty day moving average is $6.70 and its two-hundred day moving average is $6.45. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.58 and a current ratio of 1.59. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.85 and a fifty-two week high of $7.27.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Monday, February 5th. The bank reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $7.75 billion for the quarter, compared to analyst estimates of $8.05 billion. Itaú Unibanco had a return on equity of 17.76% and a net margin of 10.48%. As a group, research analysts forecast that Itaú Unibanco Holding S.A. will post 0.82 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.003 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.59%. Itaú Unibanco’s dividend payout ratio is presently 5.88%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Tuesday, January 16th. HSBC lowered Itaú Unibanco from a “buy” rating to a “hold” rating in a report on Monday, January 8th.

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.