Vestmark Advisory Solutions Inc. Has $135,000 Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Vestmark Advisory Solutions Inc. lessened its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,264 shares of the bank’s stock after selling 8,352 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Itaú Unibanco were worth $135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Itaú Unibanco by 12,592.2% in the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock valued at $156,171,000 after purchasing an additional 23,299,313 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Itaú Unibanco in the 3rd quarter valued at about $40,685,000. Fisher Asset Management LLC increased its holdings in shares of Itaú Unibanco by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock valued at $336,408,000 after purchasing an additional 2,886,508 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Itaú Unibanco by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after purchasing an additional 2,604,304 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in shares of Itaú Unibanco by 38.8% in the 3rd quarter. Two Sigma Advisers LP now owns 6,367,875 shares of the bank’s stock valued at $42,346,000 after purchasing an additional 1,779,300 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ITUB shares. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target for the company in a research note on Monday, January 13th. Finally, Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $6.90.

Itaú Unibanco Trading Up 0.1 %

Shares of NYSE ITUB opened at $5.68 on Monday. The stock has a market cap 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 business has a 50 day simple moving average of $5.53 and a 200 day simple moving average of $5.89. Itaú Unibanco Holding S.A. has a 52 week low of $4.86 and a 52 week high of $7.04. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34.

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

Itaú Unibanco Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, February 19th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is presently 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.