Deltec Asset Management LLC Cuts Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Deltec Asset Management LLC reduced its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,500 shares of the bank’s stock after selling 4,000 shares during the period. Deltec Asset Management LLC’s holdings in Itaú Unibanco were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Itaú Unibanco by 67.0% in the 1st quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,755 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Itaú Unibanco by 571.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,888 shares of the bank’s stock valued at $48,000 after purchasing an additional 5,862 shares during the period. Bessemer Group Inc. acquired a new position in Itaú Unibanco in the first quarter valued at $49,000. National Bank of Canada FI raised its stake in shares of Itaú Unibanco by 20,555.6% during the fourth quarter. National Bank of Canada FI now owns 7,436 shares of the bank’s stock worth $51,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Itaú Unibanco by 54.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock valued at $56,000 after purchasing an additional 2,838 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a report on Monday, June 17th.

Itaú Unibanco Stock Performance

Shares of NYSE:ITUB traded up $0.16 during trading on Wednesday, hitting $6.71. 30,040,865 shares of the company traded hands, compared to its average volume of 17,494,994. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.37. Itaú Unibanco Holding S.A. has a one year low of $5.12 and a one year high of $7.27. The business’s fifty day moving average is $6.01 and its 200-day moving average is $6.38. The stock has a market capitalization of $65.76 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.72 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Itaú Unibanco had a return on equity of 18.73% and a net margin of 11.09%. The company had revenue of $16.54 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. As a group, equities analysts predict that Itaú Unibanco Holding S.A. will post 0.81 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.0031 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Tuesday, September 3rd. Itaú Unibanco’s dividend payout ratio (DPR) is 4.05%.

About Itaú Unibanco

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.