Deltec Asset Management LLC Sells 12,500 Shares of Itau Unibanco Holding SA (ITUB)

Deltec Asset Management LLC decreased its position in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,129 shares of the bank’s stock after selling 12,500 shares during the quarter. Deltec Asset Management LLC’s holdings in Itau Unibanco were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ITUB. Schroder Investment Management Group lifted its position in Itau Unibanco by 49.2% in the second quarter. Schroder Investment Management Group now owns 26,951,080 shares of the bank’s stock valued at $277,596,000 after buying an additional 8,892,966 shares during the last quarter. Vontobel Asset Management Inc. acquired a new position in Itau Unibanco in the second quarter valued at about $50,005,000. Renaissance Technologies LLC lifted its position in Itau Unibanco by 363.7% in the second quarter. Renaissance Technologies LLC now owns 5,281,803 shares of the bank’s stock valued at $54,825,000 after buying an additional 4,142,754 shares during the last quarter. Baillie Gifford & Co. lifted its position in Itau Unibanco by 7.8% in the second quarter. Baillie Gifford & Co. now owns 28,203,732 shares of the bank’s stock valued at $292,755,000 after buying an additional 2,036,391 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its position in Itau Unibanco by 397.1% in the second quarter. Pinebridge Investments L.P. now owns 2,509,312 shares of the bank’s stock valued at $26,046,000 after buying an additional 2,004,515 shares during the last quarter. 5.44% of the stock is currently owned by institutional investors.

NYSE ITUB traded down $0.22 during trading hours on Thursday, reaching $13.09. The company had a trading volume of 250,282 shares, compared to its average volume of 12,852,835. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $71.51 billion, a P/E ratio of 11.58, a PEG ratio of 1.02 and a beta of 1.66. Itau Unibanco Holding SA has a 1-year low of $9.85 and a 1-year high of $16.98.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Tuesday, July 31st. The bank reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.02). The business had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $8.05 billion. Itau Unibanco had a return on equity of 16.99% and a net margin of 17.08%. As a group, analysts anticipate that Itau Unibanco Holding SA will post 1.07 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 2nd will be paid a dividend of $0.0039 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a yield of 0.36%. Itau Unibanco’s dividend payout ratio (DPR) is presently 3.51%.

Separately, ValuEngine raised shares of Itau Unibanco from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.50.

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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