Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,264 shares of the bank’s stock after selling 8,352 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Itaú Unibanco were worth $135,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after acquiring an additional 2,604,304 shares during the period. Fisher Asset Management LLC lifted its holdings in Itaú Unibanco by 6.1% in the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock worth $336,408,000 after purchasing an additional 2,886,508 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Itaú Unibanco by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock worth $196,705,000 after purchasing an additional 1,286,014 shares during the period. Franklin Resources Inc. lifted its holdings in Itaú Unibanco by 1.3% in the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank’s stock worth $174,930,000 after purchasing an additional 346,390 shares during the period. Finally, FMR LLC lifted its holdings in Itaú Unibanco by 12,592.2% in the third quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock worth $156,171,000 after purchasing an additional 23,299,313 shares during the period.

Itaú Unibanco Price Performance

Shares of NYSE ITUB opened at $5.68 on Monday. Itaú Unibanco Holding S.A. has a twelve month low of $4.86 and a twelve month high of $7.04. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $55.62 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.89 and a beta of 0.97. The firm has a 50-day moving average of $5.53 and a two-hundred day moving average of $5.89.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. As a group, analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be issued a $0.058 dividend. This is an increase from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio is presently 2.56%.

Analyst Ratings Changes

ITUB has been the subject of several research analyst reports. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective for the company in a report on Monday, January 13th. Finally, UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.90.

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.