PDS Planning Inc Sells 2,868 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

PDS Planning Inc reduced its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,675 shares of the bank’s stock after selling 2,868 shares during the quarter. PDS Planning Inc’s holdings in Itaú Unibanco were worth $68,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Itaú Unibanco during the third quarter valued at about $1,215,000. State Street Corp raised its holdings in Itaú Unibanco by 7.4% during the third quarter. State Street Corp now owns 12,522,486 shares of the bank’s stock valued at $83,899,000 after acquiring an additional 861,500 shares during the period. JPMorgan Chase & Co. raised its holdings in 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. HighTower Advisors LLC raised its holdings in Itaú Unibanco by 23.2% during the third quarter. HighTower Advisors LLC now owns 25,586 shares of the bank’s stock valued at $169,000 after acquiring an additional 4,823 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Itaú Unibanco by 1.3% during the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank’s stock valued at $174,930,000 after acquiring an additional 346,390 shares during the period.

Analyst Ratings Changes

A number of research firms have commented on ITUB. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target on the stock in a report on Monday, January 13th. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $6.90.

Itaú Unibanco Trading Up 0.9 %

Shares of Itaú Unibanco stock opened at $5.76 on Thursday. The firm has a market cap of $56.47 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.89 and a beta of 0.97. The business has a 50-day moving average price of $5.67 and a 200-day moving average price of $5.85. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.39.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings data 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%. Equities research analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were given a $0.058 dividend. The ex-dividend date was Wednesday, February 19th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is currently 2.56%.

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.