Gould Asset Management LLC CA Cuts Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Gould Asset Management LLC CA lessened its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,930 shares of the bank’s stock after selling 4,235 shares during the quarter. Gould Asset Management LLC CA’s holdings in Itaú Unibanco were worth $222,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Schroder Investment Management Group increased its holdings in shares of Itaú Unibanco by 1.7% in the 3rd quarter. Schroder Investment Management Group now owns 95,992,864 shares of the bank’s stock valued at $515,482,000 after purchasing an additional 1,613,409 shares in the last quarter. Westwood Global Investments LLC raised its position in Itaú Unibanco by 2.8% during 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 last quarter. Itau Unibanco Holding S.A. raised its position in Itaú Unibanco by 0.3% during the third quarter. Itau Unibanco Holding S.A. now owns 23,221,327 shares of the bank’s stock worth $124,699,000 after acquiring an additional 76,541 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in Itaú Unibanco by 67.4% during 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 last quarter. Finally, Baillie Gifford & Co. raised its position in Itaú Unibanco by 3.0% during the fourth quarter. Baillie Gifford & Co. now owns 15,034,066 shares of the bank’s stock worth $104,487,000 after acquiring an additional 440,486 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. HSBC cut shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Tuesday, January 16th.

Itaú Unibanco Trading Up 3.1 %

Shares of NYSE ITUB traded up $0.19 during midday trading on Friday, reaching $6.30. 19,159,097 shares of the stock were exchanged, compared to its average volume of 17,250,486. Itaú Unibanco Holding S.A. has a 52-week low of $4.85 and a 52-week high of $7.27. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.58 and a current ratio of 1.59. The stock has a 50 day moving average price of $6.70 and a 200-day moving average price of $6.45.

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

Itaú Unibanco Cuts Dividend

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

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.