Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lessened its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,905 shares of the bank’s stock after selling 13,308 shares during the quarter. Whittier Trust Co.’s holdings in Itaú Unibanco were worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ITUB. Thornburg Investment Management Inc. increased its stake in shares of Itaú Unibanco by 0.9% in the 2nd quarter. Thornburg Investment Management Inc. now owns 183,245 shares of the bank’s stock worth $1,084,000 after acquiring an additional 1,664 shares during the last quarter. GAMMA Investing LLC increased its position in Itaú Unibanco by 67.0% during the first quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock worth $30,000 after purchasing an additional 1,755 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Itaú Unibanco by 4.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,500 shares of the bank’s stock worth $382,000 after purchasing an additional 2,500 shares during the period. Creative Planning boosted its holdings in Itaú Unibanco by 33.5% in the 3rd quarter. Creative Planning now owns 14,941 shares of the bank’s stock valued at $99,000 after purchasing an additional 3,753 shares during the last quarter. Finally, Trillium Asset Management LLC grew its stake in shares of Itaú Unibanco by 0.5% in the 1st quarter. Trillium Asset Management LLC now owns 873,603 shares of the bank’s stock valued at $6,054,000 after buying an additional 4,102 shares during the period.

Analyst Ratings Changes

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

Itaú Unibanco Stock Performance

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

Itaú Unibanco (NYSE:ITUB) last announced its earnings results on Tuesday, August 6th. The bank reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $16.54 billion during the quarter, compared to analyst estimates of $7.72 billion. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. During the same quarter last year, the firm posted $0.18 earnings per share. Equities analysts anticipate that Itaú Unibanco Holding S.A. will post 0.78 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 2nd will be issued a $0.0031 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is presently 4.05%.

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.