Blair William & Co. IL Has $175,000 Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Blair William & Co. IL lessened its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,331 shares of the bank’s stock after selling 6,132 shares during the quarter. Blair William & Co. IL’s holdings in Itaú Unibanco were worth $175,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of Itaú Unibanco by 31.1% during the third quarter. Cerity Partners LLC now owns 72,647 shares of the bank’s stock worth $483,000 after purchasing an additional 17,216 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Itaú Unibanco during the 3rd quarter worth $1,215,000. Captrust Financial Advisors lifted its holdings in Itaú Unibanco by 23.7% during the third quarter. Captrust Financial Advisors now owns 23,967 shares of the bank’s stock worth $159,000 after acquiring an additional 4,592 shares in the last quarter. Verition Fund Management LLC acquired a new position in Itaú Unibanco in the third quarter valued at about $868,000. Finally, HighTower Advisors LLC increased its holdings in shares of Itaú Unibanco by 23.2% in the third quarter. HighTower Advisors LLC now owns 25,586 shares of the bank’s stock worth $169,000 after acquiring an additional 4,823 shares in the last quarter.

Itaú Unibanco Stock Down 6.2 %

NYSE:ITUB opened at $5.34 on Monday. The company has a market cap of $57.57 billion, a PE ratio of 6.85, a PEG ratio of 0.89 and a beta of 0.65. The stock has a 50-day simple moving average of $5.35 and a 200 day simple moving average of $5.28. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. Itaú Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.30.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, sell-side analysts expect that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.0527 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s payout ratio is 2.82%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ITUB. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price target on the stock in a research note on Monday, January 13th. Finally, Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Itaú Unibanco currently has an average rating of “Buy” and a consensus price target of $6.27.

About Itaú Unibanco

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.