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, Holdings Channel reports. The institutional investor owned 74,116,913 shares of the bank’s stock after selling 9,007,177 shares during the quarter. Schroder Investment Management Group’s holdings in Itaú Unibanco were worth $370,585,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC acquired a new position in Itaú Unibanco in the 4th quarter worth about $57,000. Signaturefd LLC grew its holdings in shares of Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank’s stock worth $61,000 after purchasing an additional 11,961 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Itaú Unibanco in the third quarter valued at approximately $68,000. Fielder Capital Group LLC raised its holdings in Itaú Unibanco by 13.2% in the 4th quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank’s stock valued at $85,000 after buying an additional 2,001 shares during the last quarter. Finally, Freedom Investment Management Inc. acquired a new stake in Itaú Unibanco during the 3rd quarter worth approximately $90,000.

Itaú Unibanco Stock Performance

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

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

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

Wall Street Analysts Forecast Growth

ITUB has been the subject of several recent research reports. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective on the stock in a research note on Monday, January 13th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently 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.