SG Americas Securities LLC Sells 10,844 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

SG Americas Securities LLC decreased its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 42.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,792 shares of the bank’s stock after selling 10,844 shares during the period. SG Americas Securities LLC’s holdings in Itaú Unibanco were worth $103,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in Itaú Unibanco by 227.8% during the 3rd quarter. Lindbrook Capital LLC now owns 5,133 shares of the bank’s stock valued at $28,000 after purchasing an additional 3,567 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Itaú Unibanco in the 4th quarter worth approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Itaú Unibanco during the 3rd quarter worth approximately $28,000. Eagle Bay Advisors LLC acquired a new stake in Itaú Unibanco during the 2nd quarter valued at $30,000. Finally, Natixis bought a new position in Itaú Unibanco in the 4th quarter valued at $38,000.

Analysts Set New Price Targets

Several analysts have recently commented on ITUB shares. Bank of America upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Tuesday, January 16th. HSBC cut shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.

Itaú Unibanco Stock Up 0.3 %

NYSE ITUB opened at $6.05 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.59 and a quick ratio of 1.58. Itaú Unibanco Holding S.A. has a 52 week low of $4.85 and a 52 week high of $7.27. The stock has a fifty day moving average of $6.75 and a 200-day moving average of $6.43.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Monday, February 5th. The bank reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $8.05 billion. Itaú Unibanco had a return on equity of 17.76% and a net margin of 10.48%. Analysts forecast that Itaú Unibanco Holding S.A. will post 0.82 EPS for the current year.

Itaú Unibanco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 3rd will be paid a $0.003 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.60%. Itaú Unibanco’s payout ratio is presently 5.88%.

Itaú Unibanco Company 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.