Itau Unibanco Holding S.A. $ITUB Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,749 shares of the bank’s stock after selling 6,620 shares during the period. Nordea Investment Management AB’s holdings in Itau Unibanco were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fielder Capital Group LLC raised its position in shares of Itau Unibanco by 10.0% during the 1st quarter. Fielder Capital Group LLC now owns 18,816 shares of the bank’s stock worth $103,000 after acquiring an additional 1,710 shares in the last quarter. Flputnam Investment Management Co. grew its stake in Itau Unibanco by 10.7% during the 1st quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank’s stock worth $110,000 after buying an additional 1,930 shares during the last quarter. Hamilton Capital LLC grew its stake in Itau Unibanco by 15.5% during the 1st quarter. Hamilton Capital LLC now owns 16,081 shares of the bank’s stock worth $88,000 after buying an additional 2,163 shares during the last quarter. Parallel Advisors LLC grew its stake in Itau Unibanco by 31.7% during the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after buying an additional 2,455 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Itau Unibanco by 21.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,890 shares of the bank’s stock worth $76,000 after buying an additional 2,468 shares during the last quarter.

Itau Unibanco Trading Up 0.2%

Shares of ITUB stock opened at $7.09 on Friday. The business’s 50 day moving average is $7.04 and its two-hundred day moving average is $6.62. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $7.45. The company has a market capitalization of $76.38 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.84. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39.

Itau Unibanco (NYSE:ITUB) last announced its earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%.The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $44.75 billion. Equities analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were paid a $0.0454 dividend. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. The ex-dividend date was Wednesday, August 20th. This represents a c) annualized dividend and a dividend yield of 7.7%. Itau Unibanco’s dividend payout ratio (DPR) is 4.23%.

Wall Street Analysts Forecast Growth

ITUB has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Itau Unibanco in a research note on Wednesday, October 8th. Zacks Research upgraded Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, UBS Group restated a “neutral” rating on shares of Itau Unibanco in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $6.27.

Itau 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.