Sanctuary Advisors LLC Has $859,000 Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Sanctuary Advisors LLC cut its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 173,244 shares of the bank’s stock after selling 5,453 shares during the quarter. Sanctuary Advisors LLC’s holdings in Itaú Unibanco were worth $859,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Creative Planning grew its holdings 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. Raymond James & Associates lifted its stake in shares of Itaú Unibanco by 29.5% in the 3rd quarter. Raymond James & Associates now owns 412,720 shares of the bank’s stock valued at $2,745,000 after purchasing an additional 93,904 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Itaú Unibanco by 176.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,730 shares of the bank’s stock worth $111,000 after purchasing an additional 10,689 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Itaú Unibanco by 305.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 160,808 shares of the bank’s stock worth $1,069,000 after purchasing an additional 121,140 shares during the period. Finally, US Bancorp DE increased its holdings in Itaú Unibanco by 2.1% in the third quarter. US Bancorp DE now owns 291,219 shares of the bank’s stock valued at $1,937,000 after purchasing an additional 6,018 shares during the last quarter.

Itaú Unibanco Stock Down 0.1 %

Shares of Itaú Unibanco stock opened at $5.64 on Friday. Itaú Unibanco Holding S.A. has a 1 year low of $4.86 and a 1 year high of $7.04. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The company has a market capitalization of $55.23 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95. The business has a 50-day moving average of $5.46 and a two-hundred day moving average of $5.95.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. As a group, equities analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is presently 2.56%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ITUB shares. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price for the company in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Itaú Unibanco currently has an average rating of “Buy” and an average target price of $6.90.

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.