QRG Capital Management Inc. Sells 4,173 Shares of Itau Unibanco Holding S.A. $ITUB

QRG Capital Management Inc. cut its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,562 shares of the bank’s stock after selling 4,173 shares during the period. QRG Capital Management Inc.’s holdings in Itau Unibanco were worth $595,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Fielder Capital Group LLC raised its position in Itau Unibanco by 10.0% in the 1st quarter. Fielder Capital Group LLC now owns 18,816 shares of the bank’s stock worth $103,000 after purchasing an additional 1,710 shares during the period. Flputnam Investment Management Co. raised its position in Itau Unibanco by 10.7% in the 1st quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank’s stock worth $110,000 after purchasing an additional 1,930 shares during the period. Union Bancaire Privee UBP SA raised its position in Itau Unibanco by 10.0% in the 1st quarter. Union Bancaire Privee UBP SA now owns 22,000 shares of the bank’s stock worth $121,000 after purchasing an additional 2,000 shares during the period. Hamilton Capital LLC raised its position in Itau Unibanco by 15.5% in the 1st quarter. Hamilton Capital LLC now owns 16,081 shares of the bank’s stock worth $88,000 after purchasing an additional 2,163 shares during the period. Finally, Parallel Advisors LLC raised its position in Itau Unibanco by 31.7% in the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after purchasing an additional 2,455 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently commented on ITUB. UBS Group reiterated a “neutral” rating on shares of Itau Unibanco in a research report on Thursday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Itau Unibanco in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Itau Unibanco presently has an average rating of “Moderate Buy” and an average price target of $6.27.

Itau Unibanco Price Performance

Shares of Itau Unibanco stock opened at $6.93 on Friday. The firm has a market cap of $74.71 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.84. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.45. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. The company’s fifty day simple moving average is $7.00 and its two-hundred day simple moving average is $6.52.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. As a group, equities analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 8th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.0454 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Wednesday, August 20th. This is a positive change from Itau Unibanco’s previous monthly dividend of $0.00. Itau Unibanco’s payout ratio is presently 4.23%.

Itau Unibanco Company 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.