Todd Asset Management LLC Sells 97,918 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Todd Asset Management LLC decreased its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,828,111 shares of the bank’s stock after selling 97,918 shares during the quarter. Todd Asset Management LLC’s holdings in Itaú Unibanco were worth $33,555,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ANTIPODES PARTNERS Ltd grew its holdings in shares of Itaú Unibanco by 67.4% in the third quarter. ANTIPODES PARTNERS Ltd now owns 20,816,099 shares of the bank’s stock worth $111,366,000 after acquiring an additional 8,381,232 shares during the period. New York State Common Retirement Fund purchased a new stake in Itaú Unibanco during the fourth quarter valued at approximately $23,769,000. Westwood Global Investments LLC raised its position in Itaú Unibanco by 2.8% in the third quarter. Westwood Global Investments LLC now owns 63,473,083 shares of the bank’s stock worth $340,850,000 after acquiring an additional 1,746,682 shares during the period. Schroder Investment Management Group boosted its stake in shares of Itaú Unibanco by 1.7% during the 3rd quarter. Schroder Investment Management Group now owns 95,992,864 shares of the bank’s stock worth $515,482,000 after acquiring an additional 1,613,409 shares during the last quarter. Finally, Caxton Associates LP grew its position in shares of Itaú Unibanco by 105.2% during the 3rd quarter. Caxton Associates LP now owns 1,772,285 shares of the bank’s stock valued at $9,517,000 after acquiring an additional 908,726 shares during the period.

Itaú Unibanco Stock Up 1.4 %

ITUB stock traded up $0.09 during midday trading on Friday, hitting $6.34. The company’s stock had a trading volume of 16,708,087 shares, compared to its average volume of 19,528,954. Itaú Unibanco Holding S.A. has a 12 month low of $4.85 and a 12 month high of $7.27. The company has a 50 day moving average of $6.60 and a two-hundred day moving average of $6.48. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 2.25.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Monday, February 5th. The bank reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Itaú Unibanco had a net margin of 10.48% and a return on equity of 17.76%. The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $8.05 billion. Equities research analysts predict that Itaú Unibanco Holding S.A. will post 0.82 EPS for the current year.

Itaú Unibanco Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 3rd will be paid a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, May 2nd. Itaú Unibanco’s payout ratio is presently 5.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on ITUB. Bank of America upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Tuesday, January 16th. HSBC cut shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th.

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.