Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lessened its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 0.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 758,677 shares of the bank’s stock after selling 5,088 shares during the quarter. Moran Wealth Management LLC’s holdings in Itaú Unibanco were worth $5,045,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings 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 valued at $38,000 after acquiring an additional 2,469 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Itaú Unibanco in the first quarter valued at approximately $49,000. Daymark Wealth Partners LLC bought a new position in shares of Itaú Unibanco in the third quarter valued at approximately $68,000. MQS Management LLC bought a new position in shares of Itaú Unibanco in the third quarter valued at approximately $70,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Itaú Unibanco in the second quarter valued at approximately $65,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ITUB. JPMorgan Chase & Co. decreased their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group cut shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Itaú Unibanco currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

Itaú Unibanco Trading Down 0.3 %

Shares of NYSE:ITUB opened at $5.96 on Thursday. The stock has a market capitalization of $58.41 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.77 and a beta of 0.98. Itaú Unibanco Holding S.A. has a 1-year low of $5.62 and a 1-year high of $7.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. The company has a 50 day moving average price of $6.31 and a 200 day moving average price of $6.26.

Itaú Unibanco Cuts Dividend

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

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.