Itaú Unibanco Holding S.A. (NYSE:ITUB) Stock Position Lowered by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,607 shares of the bank’s stock after selling 2,581 shares during the quarter. OLD National Bancorp IN’s holdings in Itaú Unibanco were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC boosted its holdings in Itaú Unibanco by 191.9% during the first quarter. William Blair Investment Management LLC now owns 33,040,433 shares of the bank’s stock worth $228,968,000 after buying an additional 21,720,091 shares in the last quarter. Capital Research Global Investors lifted its stake in Itaú Unibanco by 460.6% in the 1st quarter. Capital Research Global Investors now owns 15,262,082 shares of the bank’s stock worth $105,766,000 after acquiring an additional 12,539,737 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Itaú Unibanco by 200.4% during the second quarter. Marshall Wace LLP now owns 7,679,311 shares of the bank’s stock worth $44,847,000 after purchasing an additional 5,122,752 shares during the period. Capital World Investors grew its holdings in shares of Itaú Unibanco by 64.4% during the 1st quarter. Capital World Investors now owns 8,654,237 shares of the bank’s stock valued at $59,974,000 after acquiring an additional 3,390,463 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in Itaú Unibanco by 77.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank’s stock worth $41,549,000 after purchasing an additional 3,106,130 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd.

Itaú Unibanco Price Performance

NYSE ITUB opened at $6.23 on Thursday. The company has a market cap of $61.06 billion, a P/E ratio of 8.42, a P/E/G ratio of 0.80 and a beta of 0.97. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.34. Itaú Unibanco Holding S.A. has a 1 year low of $5.27 and a 1 year high of $7.27. The company has a fifty day simple moving average of $6.54 and a 200 day simple moving average of $6.28.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. During the same period in the previous year, the company posted $0.18 earnings per share. On average, sell-side analysts predict that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current year.

Itaú Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.0031 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. Itaú Unibanco’s payout ratio is 4.05%.

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.