Barclays PLC Sells 18,819 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Barclays PLC lowered its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,440 shares of the bank’s stock after selling 18,819 shares during the period. Barclays PLC’s holdings in Itaú Unibanco were worth $2,969,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ITUB. FMR LLC increased its position in Itaú Unibanco by 12,592.2% during the third quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock worth $156,171,000 after buying an additional 23,299,313 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Itaú Unibanco during the 3rd quarter worth approximately $40,685,000. Marshall Wace LLP raised its stake in Itaú Unibanco by 200.4% in the 2nd quarter. Marshall Wace LLP now owns 7,679,311 shares of the bank’s stock valued at $44,847,000 after acquiring an additional 5,122,752 shares during the period. William Blair Investment Management LLC lifted its holdings in Itaú Unibanco by 14.8% during the 2nd quarter. William Blair Investment Management LLC now owns 37,928,532 shares of the bank’s stock valued at $221,505,000 after purchasing an additional 4,888,099 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its position in Itaú Unibanco by 77.5% during the second 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 period.

Itaú Unibanco Price Performance

Shares of NYSE ITUB opened at $4.99 on Wednesday. The business’s 50 day moving average is $5.80 and its 200-day moving average is $6.12. The firm has a market cap of $48.91 billion, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. Itaú Unibanco Holding S.A. has a 1-year low of $4.90 and a 1-year high of $7.27. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.0031 per share. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio is currently 46.15%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.50.

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.