Itau Unibanco Holding S.A. $ITUB Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC trimmed its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 178,721 shares of the bank’s stock after selling 10,710 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Itau Unibanco were worth $1,216,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. GQG Partners LLC boosted its holdings in Itau Unibanco by 738.6% during the first quarter. GQG Partners LLC now owns 77,734,889 shares of the bank’s stock worth $427,542,000 after buying an additional 68,465,514 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Itau Unibanco by 5.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank’s stock worth $230,805,000 after buying an additional 2,306,414 shares in the last quarter. Orbis Allan Gray Ltd purchased a new position in Itau Unibanco during the 1st quarter valued at about $227,646,000. Vanguard Group Inc. increased its position in Itau Unibanco by 6.7% during the first quarter. Vanguard Group Inc. now owns 24,592,740 shares of the bank’s stock worth $135,260,000 after buying an additional 1,549,003 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Itau Unibanco by 22.5% in the first quarter. Itau Unibanco Holding S.A. now owns 21,455,970 shares of the bank’s stock valued at $114,602,000 after buying an additional 3,937,238 shares during the last quarter.

Wall Street Analysts Forecast Growth

ITUB has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Itau Unibanco in a research note on Saturday, September 27th. UBS Group restated a “neutral” rating on shares of Itau Unibanco in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Itau Unibanco presently has an average rating of “Moderate Buy” and an average price target of $6.27.

Itau Unibanco Stock Performance

ITUB stock opened at $7.17 on Monday. The company has a 50-day simple moving average of $6.94 and a 200 day simple moving average of $6.50. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $77.25 billion, a P/E ratio of 10.16, a PEG ratio of 1.06 and a beta of 0.84. Itau Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $7.45.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates 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. Sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.0454 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date was Wednesday, August 20th. This is a positive change from Itau Unibanco’s previous monthly dividend of $0.00. Itau Unibanco’s dividend payout ratio is presently 4.23%.

Itau Unibanco Company 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.