Robeco Institutional Asset Management B.V. Sells 680,286 Shares of Itau Unibanco Holding S.A. $ITUB

Robeco Institutional Asset Management B.V. lowered its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,284,343 shares of the bank’s stock after selling 680,286 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.38% of Itau Unibanco worth $280,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ITUB. GQG Partners LLC raised its holdings in Itau Unibanco by 738.6% in the 1st quarter. GQG Partners LLC now owns 77,734,889 shares of the bank’s stock valued at $427,542,000 after buying an additional 68,465,514 shares during the last quarter. Orbis Allan Gray Ltd bought a new position in Itau Unibanco in the 1st quarter valued at approximately $227,646,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Itau Unibanco by 963.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 8,641,277 shares of the bank’s stock valued at $47,527,000 after buying an additional 7,828,744 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Itau Unibanco by 241.2% in the 1st quarter. Ameriprise Financial Inc. now owns 8,221,235 shares of the bank’s stock valued at $45,219,000 after buying an additional 5,811,939 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its holdings in Itau Unibanco by 40.3% in the 1st quarter. Driehaus Capital Management LLC now owns 14,553,574 shares of the bank’s stock valued at $80,045,000 after buying an additional 4,179,898 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, UBS Group restated a “neutral” rating on shares of Itau Unibanco in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Itau Unibanco presently has a consensus rating of “Buy” and an average target price of $6.27.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $7.20 on Thursday. The company has a market capitalization of $77.57 billion, a PE ratio of 10.20, a P/E/G ratio of 1.09 and a beta of 0.84. The company has a 50 day simple moving average of $6.91 and a two-hundred day simple moving average of $6.47. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59. 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 released its earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. Research analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were issued a $0.0454 dividend. The ex-dividend date was Wednesday, August 20th. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 7.6%. Itau Unibanco’s dividend payout ratio is presently 4.23%.

Itau 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.