Kiwi Wealth Investments Limited Partnership decreased its holdings in Itau Unibanco Holding SA (NYSE:ITUB) by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 303,444 shares of the bank’s stock after selling 23,626 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Itau Unibanco were worth $4,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. OppenheimerFunds Inc. lifted its position in shares of Itau Unibanco by 261.9% during the 1st quarter. OppenheimerFunds Inc. now owns 19,881,247 shares of the bank’s stock worth $310,147,000 after buying an additional 14,387,740 shares in the last quarter. Standard Life Aberdeen plc bought a new position in shares of Itau Unibanco during the 4th quarter worth approximately $63,589,000. Renaissance Technologies LLC bought a new stake in shares of Itau Unibanco in the 4th quarter worth approximately $33,937,000. Russell Investments Group Ltd. raised its holdings in shares of Itau Unibanco by 31.8% in the 1st quarter. Russell Investments Group Ltd. now owns 10,323,002 shares of the bank’s stock worth $161,006,000 after purchasing an additional 2,489,673 shares during the period. Finally, Capital Growth Management LP raised its holdings in shares of Itau Unibanco by 71.7% in the 4th quarter. Capital Growth Management LP now owns 5,580,000 shares of the bank’s stock worth $72,540,000 after purchasing an additional 2,330,000 shares during the period. 5.11% of the stock is currently owned by institutional investors and hedge funds.

ITUB has been the topic of a number of research reports. ValuEngine cut shares of Itau Unibanco from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Scotiabank lowered shares of Itau Unibanco from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, March 14th. Zacks Investment Research lowered shares of Itau Unibanco from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Wednesday, April 11th. Credit Suisse Group upgraded shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. Finally, Citigroup upgraded shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $15.17.

Itau Unibanco stock opened at $10.66 on Thursday. Itau Unibanco Holding SA has a 1-year low of $10.02 and a 1-year high of $16.98. The company has a market capitalization of $70.34 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.72.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Monday, April 30th. The bank reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Itau Unibanco had a net margin of 19.21% and a return on equity of 17.07%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.37 billion. sell-side analysts forecast that Itau Unibanco Holding SA will post 1.19 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 12th. Investors of record on Monday, June 4th will be paid a $0.0042 dividend. This represents a $0.05 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Itau Unibanco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Friday, June 1st. Itau Unibanco’s payout ratio is currently 1.75%.

Itau Unibanco 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.

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

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