Fiera Capital Corp Sells 477,142 Shares of Itau Unibanco Holding SA (NYSE:ITUB)

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Fiera Capital Corp reduced its stake in Itau Unibanco Holding SA (NYSE:ITUB) by 19.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,926,635 shares of the bank’s stock after selling 477,142 shares during the period. Fiera Capital Corp’s holdings in Itau Unibanco were worth $16,973,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Trilogy Global Advisors LP increased its stake in Itau Unibanco by 19.4% in the 4th quarter. Trilogy Global Advisors LP now owns 2,700,879 shares of the bank’s stock worth $25,000 after buying an additional 439,750 shares during the period. Parallel Advisors LLC bought a new position in Itau Unibanco during the 1st quarter worth about $34,000. Rehmann Capital Advisory Group grew its holdings in Itau Unibanco by 230.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 4,848 shares of the bank’s stock worth $44,000 after acquiring an additional 3,379 shares in the last quarter. WealthTrust Arizona LLC grew its holdings in Itau Unibanco by 49.1% during the 4th quarter. WealthTrust Arizona LLC now owns 5,271 shares of the bank’s stock worth $48,000 after acquiring an additional 1,735 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new position in Itau Unibanco during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 4.54% of the company’s stock.

NYSE:ITUB opened at $9.04 on Wednesday. Itau Unibanco Holding SA has a fifty-two week low of $6.57 and a fifty-two week high of $10.80. The stock has a market capitalization of $87.13 billion, a PE ratio of 13.49, a PEG ratio of 1.13 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.73.

Itau Unibanco (NYSE:ITUB) last released its earnings results on Thursday, May 2nd. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $7.80 billion during the quarter, compared to analyst estimates of $7.43 billion. Itau Unibanco had a return on equity of 18.06% and a net margin of 16.01%. As a group, equities research analysts forecast that Itau Unibanco Holding SA will post 0.76 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.0038 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Monday, June 3rd. Itau Unibanco’s dividend payout ratio is presently 7.46%.

Several research analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Itau Unibanco in a report on Monday. They set a “sell” rating on the stock. HSBC upgraded shares of Itau Unibanco from a “reduce” rating to a “hold” rating in a report on Friday, May 17th. ValuEngine upgraded shares of Itau Unibanco from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Itau Unibanco from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, Scotiabank upgraded shares of Itau Unibanco from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Itau Unibanco currently has a consensus rating of “Hold” and a consensus target price of $12.00.

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Itau Unibanco Profile

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

Read More: Dead Cat Bounce

Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itau Unibanco Holding SA (NYSE:ITUB).

Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

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