NS Partners Ltd Sells 49,700 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

NS Partners Ltd lessened its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 1.2% in the third quarter, HoldingsChannel reports. The fund owned 4,017,853 shares of the bank’s stock after selling 49,700 shares during the period. NS Partners Ltd’s holdings in Itaú Unibanco were worth $26,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Itaú Unibanco by 68.5% in the third quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock worth $38,000 after purchasing an additional 2,469 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Itaú Unibanco in the first quarter worth $49,000. Daymark Wealth Partners LLC bought a new stake in Itaú Unibanco during the third quarter valued at $68,000. MQS Management LLC bought a new stake in Itaú Unibanco during the third quarter valued at $70,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in Itaú Unibanco during the second quarter valued at $65,000.

Itaú Unibanco Stock Performance

Shares of ITUB stock opened at $5.96 on Wednesday. The company has a 50 day moving average of $6.32 and a 200-day moving average of $6.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a 12-month low of $5.62 and a 12-month high of $7.27. The firm has a market cap of $58.41 billion, a P/E ratio of 7.64, a PEG ratio of 0.77 and a beta of 0.98.

Itaú Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 2nd will be issued a $0.0031 dividend. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is presently 3.85%.

Wall Street Analyst Weigh In

ITUB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. UBS Group cut shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Itaú Unibanco presently has an average rating of “Moderate Buy” and an average price target of $7.50.

Itaú Unibanco Company 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.