Itau Unibanco Holding S.A. $ITUB Shares Sold by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd lowered its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 9.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,797,690 shares of the bank’s stock after selling 1,002,294 shares during the period. Itau Unibanco comprises about 9.9% of Northcape Capital Pty Ltd’s holdings, making the stock its 4th largest position. Northcape Capital Pty Ltd owned 0.09% of Itau Unibanco worth $71,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ITUB. Oaktree Capital Management LP boosted its holdings in shares of Itau Unibanco by 58.5% in the second quarter. Oaktree Capital Management LP now owns 11,004,494 shares of the bank’s stock valued at $74,721,000 after acquiring an additional 4,063,482 shares during the period. Creative Planning boosted its stake in Itau Unibanco by 65.3% during the 2nd quarter. Creative Planning now owns 161,847 shares of the bank’s stock worth $1,099,000 after purchasing an additional 63,920 shares during the period. USS Investment Management Ltd grew its position in Itau Unibanco by 10.0% during the 1st quarter. USS Investment Management Ltd now owns 2,778,562 shares of the bank’s stock worth $15,268,000 after purchasing an additional 252,596 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Itau Unibanco by 3,590.6% in the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock valued at $29,000 after purchasing an additional 4,201 shares during the period. Finally, Cullen Capital Management LLC acquired a new position in Itau Unibanco in the second quarter valued at $4,586,000.

Itau Unibanco Price Performance

Shares of ITUB opened at $7.24 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.33. The stock’s 50 day moving average is $7.24 and its two-hundred day moving average is $6.85. Itau Unibanco Holding S.A. has a twelve month low of $4.29 and a twelve month high of $7.89. The firm has a market capitalization of $80.14 billion, a PE ratio of 10.31, a P/E/G ratio of 0.97 and a beta of 0.65.

Itau Unibanco Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 11th. Shareholders of record on Wednesday, December 2nd will be given a $0.0032 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a c) annualized dividend and a yield of 0.5%. Itau Unibanco’s dividend payout ratio is presently 502.86%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a report on Monday, December 29th. Zacks Research downgraded Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Itau Unibanco from $6.80 to $7.77 and gave the company an “overweight” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.88.

Key Itau Unibanco News

Here are the key news stories impacting Itau Unibanco this week:

• Positive Sentiment: Itau confirmed recurring monthly dividends of $0.0032 per share for consecutive record dates (July through December). The most recent record/payment pair: record date Dec. 2 with a payment scheduled Jan. 11 — a sign management is maintaining shareholder distributions.
• Neutral Sentiment: The dividend equates to an annualized yield of roughly 0.5%, which is modest; this makes the payout more of a steady-income signal than a compelling income return for yield-seeking investors.
• Neutral Sentiment: Market context: the stock is up modestly on the news but volume is below its average, suggesting the dividend notices are not triggering heavy repositioning by investors.

About Itau Unibanco

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.