Itaú Unibanco Holding S.A. (NYSE:ITUB) Stock Holdings Lowered by Lindbrook Capital LLC

Lindbrook Capital LLC lowered its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 29.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,221 shares of the bank’s stock after selling 3,504 shares during the period. Lindbrook Capital LLC’s holdings in Itaú Unibanco were worth $41,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Itaú Unibanco during the third quarter worth about $1,215,000. State Street Corp grew its position in shares of Itaú Unibanco by 7.4% during the third quarter. State Street Corp now owns 12,522,486 shares of the bank’s stock worth $83,899,000 after acquiring an additional 861,500 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after acquiring an additional 2,604,304 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Itaú Unibanco by 23.2% during the third quarter. HighTower Advisors LLC now owns 25,586 shares of the bank’s stock worth $169,000 after acquiring an additional 4,823 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Itaú Unibanco by 1.3% during the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank’s stock worth $174,930,000 after acquiring an additional 346,390 shares during the last quarter.

Itaú Unibanco Stock Performance

Shares of ITUB opened at $5.68 on Friday. 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 quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $55.62 billion, a PE ratio of 7.28, a P/E/G ratio of 0.89 and a beta of 0.97. The firm has a 50-day moving average price of $5.53 and a 200 day moving average price of $5.90.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results 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%. On average, sell-side analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be issued a $0.058 dividend. This is an increase from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date is Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio is presently 2.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ITUB shares. UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price for the company in a research report on Monday, January 13th. Finally, Hsbc Global Res upgraded shares of 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $6.90.

About Itaú Unibanco

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.