Wells Fargo & Company MN lowered its holdings in Ita� Unibanco (NYSE:ITUB) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,022 shares of the bank’s stock after selling 132,884 shares during the period. Wells Fargo & Company MN’s holdings in Ita� Unibanco were worth $1,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ITUB. Fisher Asset Management LLC lifted its holdings in shares of Ita� Unibanco by 33.8% in the fourth quarter. Fisher Asset Management LLC now owns 25,914,919 shares of the bank’s stock valued at $336,894,000 after purchasing an additional 6,553,611 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Ita� Unibanco by 30.1% in the fourth quarter. Mondrian Investment Partners LTD now owns 22,372,140 shares of the bank’s stock valued at $290,838,000 after purchasing an additional 5,177,751 shares in the last quarter. Barings LLC purchased a new stake in shares of Ita� Unibanco in the fourth quarter valued at $31,194,000. Sei Investments Co. lifted its holdings in shares of Ita� Unibanco by 107.6% in the fourth quarter. Sei Investments Co. now owns 2,465,524 shares of the bank’s stock valued at $32,052,000 after purchasing an additional 1,278,121 shares in the last quarter. Finally, AMS Capital Ltda purchased a new stake in shares of Ita� Unibanco in the fourth quarter valued at $13,905,000. Institutional investors own 4.98% of the company’s stock.

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NYSE ITUB opened at $14.59 on Tuesday. Ita� Unibanco has a 1-year low of $10.02 and a 1-year high of $16.98. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.66 and a current ratio of 1.64. The firm has a market capitalization of $96,062.33, a PE ratio of 12.80, a P/E/G ratio of 1.02 and a beta of 1.72.

Ita� Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Monday, February 5th. The bank reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.03). Ita� Unibanco had a return on equity of 16.87% and a net margin of 21.51%. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $8.49 billion. sell-side analysts predict that Ita� Unibanco will post 1.23 EPS for the current year.

Ita� Unibanco declared that its board has authorized a share buyback program on Monday, December 18th that authorizes the company to repurchase 28,620,000 outstanding shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently declared a monthly dividend, which will be paid on Monday, May 14th. Stockholders of record on Tuesday, April 3rd will be paid a $0.0045 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, April 2nd. Ita� Unibanco’s dividend payout ratio (DPR) is presently 4.39%.

ITUB has been the subject of a number of research analyst reports. ValuEngine upgraded Ita� Unibanco from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Scotiabank lowered Ita� Unibanco from a “sector perform” rating to an “underperform” rating in a report on Wednesday, March 14th. Zacks Investment Research lowered Ita� Unibanco from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a report on Wednesday, April 11th. Finally, Credit Suisse Group upgraded Ita� Unibanco from a “neutral” rating to a “buy” rating in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.17.

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Ita� Unibanco Company 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 Ita� Unibanco (NYSE:ITUB)

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