Schroder Investment Management Group Has $370.59 Million Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Schroder Investment Management Group cut its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,116,913 shares of the bank’s stock after selling 9,007,177 shares during the period. Schroder Investment Management Group owned 0.76% of Itaú Unibanco worth $370,585,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ITUB. Arrowstreet Capital Limited Partnership increased its stake in shares of Itaú Unibanco by 9.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock worth $238,173,000 after purchasing an additional 4,151,459 shares during the period. Ramirez Asset Management Inc. grew its holdings in Itaú Unibanco by 1.3% in the 4th quarter. Ramirez Asset Management Inc. now owns 1,282,897 shares of the bank’s stock valued at $6,363,000 after buying an additional 15,955 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Itaú Unibanco by 30.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 45,818 shares of the bank’s stock worth $227,000 after buying an additional 10,741 shares during the period. Sava Infond d.o.o. acquired a new stake in shares of Itaú Unibanco during the fourth quarter worth $625,000. Finally, Anthracite Investment Company Inc. boosted its position in shares of Itaú Unibanco by 26.1% in the fourth quarter. Anthracite Investment Company Inc. now owns 627,739 shares of the bank’s stock valued at $3,114,000 after acquiring an additional 130,000 shares during the period.

Itaú Unibanco Trading Down 1.5 %

ITUB opened at $5.52 on Friday. The stock has a market capitalization of $59.46 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.30. The company has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $5.31.

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

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were paid a $0.0527 dividend. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date was Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio (DPR) is presently 2.82%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ITUB. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price target on the stock in a research report on Monday, January 13th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Itaú Unibanco has a consensus rating of “Buy” and a consensus price target of $6.27.

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.