Centiva Capital LP Decreases Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Centiva Capital LP trimmed its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 50.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,686 shares of the bank’s stock after selling 65,125 shares during the quarter. Centiva Capital LP’s holdings in Itaú Unibanco were worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Itaú Unibanco by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank’s stock valued at $140,812,000 after acquiring an additional 489,873 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after acquiring an additional 2,604,304 shares during the last quarter. Haven Global Partners LLC purchased a new stake in shares of Itaú Unibanco during the fourth quarter valued at approximately $3,284,000. Walleye Capital LLC increased its position in Itaú Unibanco by 5,310.8% in the fourth quarter. Walleye Capital LLC now owns 783,968 shares of the bank’s stock worth $3,888,000 after buying an additional 769,479 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Itaú Unibanco by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock worth $196,705,000 after buying an additional 1,286,014 shares during the last quarter.

Itaú Unibanco Price Performance

Itaú Unibanco stock opened at $6.61 on Monday. Itaú Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.62. The business has a fifty day moving average price of $5.67 and a 200-day moving average price of $5.29. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The firm has a market capitalization of $71.26 billion, a P/E ratio of 8.47, a PEG ratio of 0.89 and a beta of 0.76.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. The firm had revenue of $7.93 billion during the quarter, compared to analyst estimates of $43.07 billion. As a group, equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Cuts Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on ITUB shares. Hsbc Global Res raised 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 research report on Friday, January 17th. Finally, HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 target price for the company in a research report on Monday, January 13th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $6.27.

Itaú 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.