Itau Unibanco Holding SA (ITUB) Position Reduced by Calamos Advisors LLC
Calamos Advisors LLC lessened its position in Itau Unibanco Holding SA (NYSE:ITUB) by 41.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 501,300 shares of the bank’s stock after selling 361,200 shares during the period. Calamos Advisors LLC’s holdings in Itau Unibanco were worth $6,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new position in Itau Unibanco in the 4th quarter worth $298,000. Standard Life Aberdeen plc bought a new position in Itau Unibanco in the 4th quarter worth $63,589,000. OppenheimerFunds Inc. bought a new position in Itau Unibanco in the 4th quarter worth $71,415,000. Suntrust Banks Inc. bought a new position in Itau Unibanco in the 4th quarter worth $131,000. Finally, Thomas White International Ltd. raised its holdings in Itau Unibanco by 1.9% in the 4th quarter. Thomas White International Ltd. now owns 762,292 shares of the bank’s stock worth $9,910,000 after acquiring an additional 14,137 shares during the period. Hedge funds and other institutional investors own 4.75% of the company’s stock.
Itau Unibanco Holding SA (NYSE ITUB) opened at $15.72 on Friday. Itau Unibanco Holding SA has a twelve month low of $10.02 and a twelve month high of $16.98. The company has a current ratio of 1.64, a quick ratio of 1.66 and a debt-to-equity ratio of 1.54. The stock has a market cap of $101,402.74, a PE ratio of 13.67, a PEG ratio of 1.10 and a beta of 1.73.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.0046 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.05 annualized dividend and a dividend yield of 0.35%. Itau Unibanco’s payout ratio is 41.74%.
Several research analysts recently commented on ITUB shares. Deutsche Bank upgraded shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, December 11th. ValuEngine downgraded shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. BidaskClub downgraded shares of Itau Unibanco from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Zacks Investment Research downgraded shares of Itau Unibanco from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.25.
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Itau Unibanco Company Profile
Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.
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