CAPROCK Group Inc. reduced its stake in Itau Unibanco Holding SA (NYSE:ITUB) by 24.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,156 shares of the bank’s stock after selling 4,177 shares during the quarter. CAPROCK Group Inc.’s holdings in Itau Unibanco were worth $116,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Putnam Investments LLC bought a new stake in Itau Unibanco during the 3rd quarter worth approximately $11,026,000. Nordea Investment Management AB bought a new stake in Itau Unibanco during the 3rd quarter worth approximately $14,004,000. Dodge & Cox grew its position in Itau Unibanco by 41.5% during the 3rd quarter. Dodge & Cox now owns 6,807,589 shares of the bank’s stock worth $74,747,000 after acquiring an additional 1,997,573 shares during the last quarter. Federated Investors Inc. PA bought a new stake in Itau Unibanco during the 3rd quarter worth approximately $676,000. Finally, Confluence Investment Management LLC grew its position in Itau Unibanco by 49.9% during the 4th quarter. Confluence Investment Management LLC now owns 42,529 shares of the bank’s stock worth $389,000 after acquiring an additional 14,162 shares during the last quarter. Institutional investors own 4.91% of the company’s stock.

ITUB has been the topic of a number of research analyst reports. Zacks Investment Research lowered Itau Unibanco from a “buy” rating to a “sell” rating in a research report on Monday. ValuEngine lowered Itau Unibanco from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 27th. Scotiabank upgraded Itau Unibanco from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 26th. Finally, Bank of America lowered Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 5th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.00.

Shares of ITUB opened at $8.52 on Tuesday. The firm has a market capitalization of $84.41 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.18 and a beta of 1.03. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.77 and a current ratio of 1.77. Itau Unibanco Holding SA has a 52 week low of $6.57 and a 52 week high of $10.80.

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 2nd will be given a $0.0039 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.05 dividend on an annualized basis and a yield of 0.54%. Itau Unibanco’s payout ratio is 7.58%.

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Itau Unibanco Company Profile

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

See Also: Sell-Side Analysts

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Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

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