Edmond DE Rothschild Holding S.A. Reduces Holdings in Itau Unibanco Holding SA (ITUB)

Edmond DE Rothschild Holding S.A. trimmed its position in Itau Unibanco Holding SA (NYSE:ITUB) by 47.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,305 shares of the bank’s stock after selling 201,265 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Itau Unibanco were worth $2,032,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ITUB. Comerica Bank grew its stake in shares of Itau Unibanco by 3.0% in the third quarter. Comerica Bank now owns 241,472 shares of the bank’s stock valued at $3,166,000 after buying an additional 7,136 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Itau Unibanco by 85.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,280 shares of the bank’s stock valued at $343,000 after purchasing an additional 14,430 shares during the period. MML Investors Services LLC purchased a new stake in Itau Unibanco during the 3rd quarter worth about $117,000. Alliancebernstein L.P. purchased a new stake in Itau Unibanco during the 3rd quarter worth about $40,921,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in Itau Unibanco by 10.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 385,227 shares of the bank’s stock worth $4,230,000 after buying an additional 35,066 shares during the last quarter. 4.91% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ITUB opened at $9.55 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market capitalization of $95.10 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.30 and a beta of 1.04. Itau Unibanco Holding SA has a 1-year low of $6.57 and a 1-year high of $10.80.

The business also recently declared a monthly dividend, which will be paid on Monday, May 13th. Stockholders of record on Tuesday, April 2nd will be given a dividend of $0.0039 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.05 annualized dividend and a dividend yield of 0.49%. Itau Unibanco’s payout ratio is 7.58%.

A number of analysts have recently commented on the company. ValuEngine cut Itau Unibanco from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded Itau Unibanco from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, February 1st. Scotiabank raised Itau Unibanco from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 26th. HSBC lowered Itau Unibanco from a “hold” rating to a “reduce” rating in a research note on Tuesday, December 11th. Finally, Bank of America lowered Itau Unibanco from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.00.

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Itau Unibanco Profile

Itaú 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.

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

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