Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,033 shares of the bank’s stock after selling 4,544 shares during the period. Atria Investments Inc’s holdings in Itaú Unibanco were worth $785,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Thornburg Investment Management Inc. raised its holdings in shares of Itaú Unibanco by 0.9% during the second quarter. Thornburg Investment Management Inc. now owns 183,245 shares of the bank’s stock valued at $1,084,000 after buying an additional 1,664 shares during the last quarter. Van ECK Associates Corp increased its position in Itaú Unibanco by 68.5% in the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock valued at $38,000 after acquiring an additional 2,469 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Itaú Unibanco by 4.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,500 shares of the bank’s stock valued at $382,000 after acquiring an additional 2,500 shares in the last quarter. Creative Planning boosted its position in Itaú Unibanco by 33.5% during the 3rd quarter. Creative Planning now owns 14,941 shares of the bank’s stock worth $99,000 after acquiring an additional 3,753 shares during the period. Finally, US Bancorp DE grew its stake in shares of Itaú Unibanco by 2.1% in the third quarter. US Bancorp DE now owns 291,219 shares of the bank’s stock worth $1,937,000 after purchasing an additional 6,018 shares in the last quarter.

Itaú Unibanco Stock Down 0.2 %

ITUB opened at $5.95 on Tuesday. The stock’s fifty day moving average is $6.34 and its 200-day moving average is $6.26. Itaú Unibanco Holding S.A. has a one year low of $5.62 and a one year high of $7.27. The company has a market capitalization of $58.32 billion, a PE ratio of 7.63, a P/E/G ratio of 0.77 and a beta of 0.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be given a $0.0031 dividend. The ex-dividend date is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is presently 3.85%.

Wall Street Analyst Weigh In

ITUB has been the subject of several research analyst reports. UBS Group downgraded shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.50.

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.