Steginsky Capital LLC Trims Position in Itau Unibanco Holding SA (NYSE:ITUB)

Steginsky Capital LLC reduced its stake in Itau Unibanco Holding SA (NYSE:ITUB) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,253,150 shares of the bank’s stock after selling 50,348 shares during the period. Itau Unibanco makes up 13.9% of Steginsky Capital LLC’s portfolio, making the stock its 3rd largest holding. Steginsky Capital LLC’s holdings in Itau Unibanco were worth $21,225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC bought a new stake in shares of Itau Unibanco in the 1st quarter worth about $140,000. Boston Common Asset Management LLC boosted its stake in shares of Itau Unibanco by 32.9% during the 2nd quarter. Boston Common Asset Management LLC now owns 821,958 shares of the bank’s stock worth $7,743,000 after purchasing an additional 203,585 shares during the period. Northcape Capital Pty Ltd boosted its stake in shares of Itau Unibanco by 23.4% during the 1st quarter. Northcape Capital Pty Ltd now owns 4,768,870 shares of the bank’s stock worth $42,014,000 after purchasing an additional 904,237 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Itau Unibanco by 1.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 4,639,983 shares of the bank’s stock worth $40,878,000 after purchasing an additional 75,538 shares during the period. Finally, Moody Lynn & Lieberson LLC purchased a new position in shares of Itau Unibanco during the 2nd quarter worth about $193,000. Institutional investors own 4.55% of the company’s stock.

Itau Unibanco stock traded up $0.05 during mid-day trading on Thursday, reaching $8.74. 525,995 shares of the company traded hands, compared to its average volume of 19,340,832. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.74. Itau Unibanco Holding SA has a fifty-two week low of $6.57 and a fifty-two week high of $10.80. The firm has a market capitalization of $85.97 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.11 and a beta of 0.93. The company has a fifty day moving average price of $9.47.

The business also recently declared a None dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be paid a dividend of $0.21 per share. This is a positive change from Itau Unibanco’s previous None dividend of $0.00. The ex-dividend date is Friday, August 16th. Itau Unibanco’s dividend payout ratio is presently 7.46%.

A number of research firms recently commented on ITUB. Morgan Stanley raised shares of Itau Unibanco from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $9.50 to $13.50 in a research note on Wednesday, August 7th. HSBC raised shares of Itau Unibanco from a “reduce” rating to a “hold” rating in a research report on Friday, May 17th. Goldman Sachs Group started coverage on shares of Itau Unibanco in a research report on Monday, June 10th. They issued a “sell” rating for the company. Zacks Investment Research raised shares of Itau Unibanco from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, ValuEngine cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.75.

About Itau Unibanco

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 Itau Unibanco (NYSE:ITUB)

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