Deltec Asset Management LLC trimmed its holdings in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 45.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,242 shares of the bank’s stock after selling 30,464 shares during the period. Deltec Asset Management LLC’s holdings in Itau Unibanco were worth $170,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evolution Wealth Advisors LLC acquired a new position in shares of Itau Unibanco in the 2nd quarter valued at $28,000. Credit Agricole S A lifted its stake in shares of Itau Unibanco by 299.6% in the 1st quarter. Credit Agricole S A now owns 9,327 shares of the bank’s stock valued at $42,000 after purchasing an additional 6,993 shares during the period. Iberiabank Corp acquired a new position in shares of Itau Unibanco in the 2nd quarter valued at $53,000. Toronto Dominion Bank lifted its stake in shares of Itau Unibanco by 156.0% in the 1st quarter. Toronto Dominion Bank now owns 12,800 shares of the bank’s stock valued at $57,000 after purchasing an additional 7,800 shares during the period. Finally, JustInvest LLC acquired a new position in shares of Itau Unibanco in the 1st quarter valued at $60,000. Hedge funds and other institutional investors own 4.40% of the company’s stock.
A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Itau Unibanco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 6th. Zacks Investment Research cut shares of Itau Unibanco from a “hold” rating to a “sell” rating and set a $5.50 price objective for the company. in a research report on Monday, June 15th. Finally, Goldman Sachs Group cut shares of Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Itau Unibanco currently has a consensus rating of “Hold” and a consensus target price of $7.75.
NYSE:ITUB opened at $5.10 on Friday. Itau Unibanco Holding SA has a fifty-two week low of $3.48 and a fifty-two week high of $9.48. The stock has a market capitalization of $49.69 billion, a PE ratio of 8.50 and a beta of 0.90. The company has a fifty day moving average of $5.06 and a two-hundred day moving average of $5.53. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.71 and a current ratio of 1.71.
Itau Unibanco (NYSE:ITUB) last released its earnings results on Monday, May 4th. The bank reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). Itau Unibanco had a return on equity of 17.17% and a net margin of 12.51%. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Research analysts forecast that Itau Unibanco Holding SA will post 0.39 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 11th. Stockholders of record on Tuesday, August 4th will be issued a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, August 3rd. Itau Unibanco’s payout ratio is 4.23%.
Itau Unibanco Profile
Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.
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