Coldstream Capital Management Inc. Sells 3,646 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Coldstream Capital Management Inc. reduced its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,910 shares of the bank’s stock after selling 3,646 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Itaú Unibanco were worth $59,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its position in Itaú Unibanco by 117.4% during the fourth quarter. FMR LLC now owns 51,044,340 shares of the bank’s stock valued at $253,180,000 after buying an additional 27,559,997 shares during the period. Renaissance Technologies LLC grew its position in shares of Itaú Unibanco by 75.0% during the 4th quarter. Renaissance Technologies LLC now owns 10,955,677 shares of the bank’s stock valued at $54,340,000 after acquiring an additional 4,694,303 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Itaú Unibanco by 9.5% in the 4th 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in Itaú Unibanco by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after purchasing an additional 2,604,304 shares during the period. Finally, Marshall Wace LLP lifted its position in Itaú Unibanco by 27.2% during the fourth quarter. Marshall Wace LLP now owns 10,933,960 shares of the bank’s stock valued at $54,232,000 after purchasing an additional 2,335,830 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on ITUB shares. 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. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, UBS Group raised shares of 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 given a strong buy rating to the stock. According to data from MarketBeat, Itaú Unibanco has a consensus rating of “Buy” and a consensus price target of $6.27.

Itaú Unibanco Stock Down 1.4 %

NYSE ITUB opened at $6.20 on Friday. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.37. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The stock has a market cap of $66.84 billion, a PE ratio of 7.95, a P/E/G ratio of 0.89 and a beta of 0.65. The stock’s 50 day moving average is $5.55 and its 200 day moving average is $5.27.

Itaú Unibanco (NYSE:ITUB) last issued its 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%. Research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be given a $0.0024 dividend. The ex-dividend date is Monday, May 5th. This represents a dividend yield of 0.46%. Itaú Unibanco’s dividend payout ratio is currently 2.82%.

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.