US Bancorp DE Reduces Holdings in Itau Unibanco Holding S.A. $ITUB

US Bancorp DE reduced its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 67.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,658 shares of the bank’s stock after selling 172,131 shares during the quarter. US Bancorp DE’s holdings in Itau Unibanco were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ITUB. Oaktree Capital Management LP raised its position in shares of Itau Unibanco by 58.5% in the second quarter. Oaktree Capital Management LP now owns 11,004,494 shares of the bank’s stock valued at $74,721,000 after buying an additional 4,063,482 shares during the last quarter. Creative Planning boosted its position in Itau Unibanco by 65.3% during the second quarter. Creative Planning now owns 161,847 shares of the bank’s stock worth $1,099,000 after acquiring an additional 63,920 shares during the last quarter. New York State Common Retirement Fund grew its stake in Itau Unibanco by 18.6% during the 3rd quarter. New York State Common Retirement Fund now owns 6,868,048 shares of the bank’s stock valued at $50,411,000 after acquiring an additional 1,079,178 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Itau Unibanco by 39.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 57,624,188 shares of the bank’s stock valued at $422,962,000 after acquiring an additional 16,339,845 shares in the last quarter. Finally, Todd Asset Management LLC raised its holdings in Itau Unibanco by 5.3% in the 3rd quarter. Todd Asset Management LLC now owns 6,162,981 shares of the bank’s stock valued at $45,236,000 after acquiring an additional 311,472 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. increased their price target on Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Itau Unibanco currently has a consensus rating of “Buy” and a consensus target price of $9.00.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $8.15 on Monday. Itau Unibanco Holding S.A. has a fifty-two week low of $4.91 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.58 and a current ratio of 1.79. The company has a 50 day moving average price of $8.35 and a 200 day moving average price of $7.51. The stock has a market capitalization of $90.27 billion, a P/E ratio of 11.58, a PEG ratio of 0.89 and a beta of 0.63.

Itau Unibanco (NYSE:ITUB) last announced its earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.98 billion. Equities research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be issued a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s payout ratio is currently 4.29%.

About Itau Unibanco

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.