Todd Asset Management LLC Sells 44,693 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Todd Asset Management LLC trimmed its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,252,444 shares of the bank’s stock after selling 44,693 shares during the period. Todd Asset Management LLC owned approximately 0.05% of Itaú Unibanco worth $26,052,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Itaú Unibanco by 68.5% during the third quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock valued at $38,000 after purchasing an additional 2,469 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in Itaú Unibanco during the fourth quarter worth $57,000. Quantinno Capital Management LP bought a new stake in Itaú Unibanco in the 3rd quarter valued at $68,000. MQS Management LLC acquired a new position in shares of Itaú Unibanco in the 3rd quarter valued at $70,000. Finally, Raymond James Trust N.A. bought a new position in shares of Itaú Unibanco during the 3rd quarter worth about $81,000.

Itaú Unibanco Price Performance

NYSE:ITUB opened at $5.65 on Tuesday. The firm has a market cap of $55.33 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95. The company’s 50-day moving average price is $5.43 and its two-hundred day moving average price is $5.96. 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 12 month low of $4.86 and a 12 month high of $7.07.

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

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be issued a $0.058 dividend. This is a boost from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date is Wednesday, February 19th. Itaú Unibanco’s payout ratio is currently 73.08%.

Wall Street Analysts Forecast Growth

ITUB has been the topic of a number of analyst reports. UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their price objective on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. Finally, HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target on the stock in a research report on Monday, January 13th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $6.90.

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.