Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,336 shares of the bank’s stock after selling 8,524 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Itaú Unibanco were worth $255,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mount Yale Investment Advisors LLC acquired a new stake in Itaú Unibanco in the fourth quarter valued at $57,000. Signaturefd LLC raised its position in shares of Itaú Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after acquiring an additional 11,961 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Itaú Unibanco during the third quarter worth approximately $68,000. Fielder Capital Group LLC boosted its holdings in Itaú Unibanco by 13.2% in the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank’s stock valued at $85,000 after purchasing an additional 2,001 shares in the last quarter. Finally, Freedom Investment Management Inc. purchased a new position in Itaú Unibanco in the third quarter valued at approximately $90,000.

Itaú Unibanco Trading Down 1.5 %

Shares of Itaú Unibanco stock opened at $5.52 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. The company has a market capitalization of $59.46 billion, a P/E ratio of 7.07, a PEG ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.30. The company’s fifty day moving average is $5.29 and its two-hundred day moving average is $5.31.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.0527 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is 2.82%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective on the stock in a report on Monday, January 13th. Finally, UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $6.27.

About Itaú Unibanco

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.