DekaBank Deutsche Girozentrale Has $3.41 Million Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

DekaBank Deutsche Girozentrale decreased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 28.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 505,000 shares of the bank’s stock after selling 200,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Itaú Unibanco were worth $3,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Thornburg Investment Management Inc. lifted its position in Itaú Unibanco by 0.9% during the 2nd quarter. Thornburg Investment Management Inc. now owns 183,245 shares of the bank’s stock worth $1,084,000 after buying an additional 1,664 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings 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 worth $382,000 after purchasing an additional 2,500 shares during the last quarter. Creative Planning lifted its position in Itaú Unibanco by 33.5% during 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 period. Trillium Asset Management LLC boosted 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 purchasing an additional 4,102 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Itaú Unibanco by 571.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,888 shares of the bank’s stock worth $48,000 after buying an additional 5,862 shares during the period.

Analyst Upgrades and Downgrades

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

Itaú Unibanco Price Performance

ITUB opened at $6.04 on Friday. The company has a fifty day moving average price of $6.47 and a two-hundred day moving average price of $6.27. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.07 and a current ratio of 1.07. Itaú Unibanco Holding S.A. has a 52 week low of $5.27 and a 52 week high of $7.27. The firm has a market capitalization of $59.20 billion, a PE ratio of 7.95, a P/E/G ratio of 0.80 and a beta of 0.97.

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

Itaú Unibanco Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.0031 per share. The ex-dividend date is Wednesday, October 2nd. Itaú Unibanco’s dividend payout ratio is 3.95%.

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.