Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,015,628 shares of the bank’s stock after selling 71,819 shares during the quarter. Victory Capital Management Inc.’s holdings in Itaú Unibanco were worth $48,759,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Itaú Unibanco during the third quarter worth $28,000. Lindbrook Capital LLC raised its stake in shares of Itaú Unibanco by 227.8% in the 3rd quarter. Lindbrook Capital LLC now owns 5,133 shares of the bank’s stock valued at $28,000 after acquiring an additional 3,567 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Itaú Unibanco during the fourth quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Itaú Unibanco by 54.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock worth $56,000 after acquiring an additional 2,838 shares in the last quarter. Finally, TIAA Trust National Association acquired a new stake in shares of Itaú Unibanco during the third quarter worth about $62,000.

Analyst Ratings Changes

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

Itaú Unibanco Stock Up 1.4 %

NYSE:ITUB opened at $6.34 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 2.25. Itaú Unibanco Holding S.A. has a 1 year low of $4.85 and a 1 year high of $7.27. The stock has a 50-day simple moving average of $6.60 and a 200-day simple moving average of $6.50.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Monday, February 5th. The bank reported $0.19 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $8.05 billion. On average, equities analysts forecast that Itaú Unibanco Holding S.A. will post 0.82 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 3rd will be paid a dividend of $0.003 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.04 annualized dividend and a yield of 0.57%. Itaú Unibanco’s dividend payout ratio is currently 5.88%.

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.