Earnest Partners LLC Trims Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Earnest Partners LLC cut its stake in Itaú Unibanco Holding S.A. ( NYSE:ITUB – Free Report ) by 2.

3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,410,097 shares of the bank’s stock after selling 32,548 shares during the period. Earnest Partners LLC’s holdings in Itaú Unibanco were worth $8,235,000 at the end of the most recent reporting period.



Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC bought a new stake in shares of Itaú Unibanco during the fourth quarter valued at approximately $85,000. PNC Financial Services Group Inc.

boosted its holdings in shares of Itaú Unibanco by 19.5% during the 4th quarter. PNC Financial Services Group Inc.

now owns 129,211 shares of the bank’s stock valued at $898,000 after buying an additional 21,067 shares in the last quarter. US Bancorp DE grew its position in shares of Itaú Unibanco by 106.7% in the 4th quarter.

US Bancorp DE now owns 214,070 shares of the bank’s stock worth $1,488,000 after buying an additional 110,493 shares during the period. Madison Asset Management LLC increased its stake in shares of Itaú Unibanco by 12.3% in the 4th quarter.

Madison Asset Management LLC now owns 499,419 shares of the bank’s stock worth $3,471,000 after acquiring an additional 54,760 shares in the last quarter. Finally, Carmignac Gestion purchased a new position in Itaú Unibanco during the 4th quarter valued at about $92,644,000. Itaú Unibanco Stock Up 2.

4 % Shares of Itaú Unibanco stock opened at $6.76 on Friday. The company has a 50-day simple moving average of $6.

44 and a two-hundred day simple moving average of $6.34. The company has a debt-to-equity ratio of 2.

34, a quick ratio of 1.07 and a current ratio of 1.07.

Itaú Unibanco Holding S.A. has a 52-week low of $5.

12 and a 52-week high of $7.27. The stock has a market capitalization of $66.

25 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.84 and a beta of 0.

97. Itaú Unibanco Cuts Dividend The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 2nd will be issued a $0.

0031 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. Itaú Unibanco’s payout ratio is currently 48.

65%. Wall Street Analyst Weigh In Several research firms have recently issued reports on ITUB. UBS Group lowered shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd.

Morgan Stanley upgraded Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.

05. Get Our Latest Analysis on Itaú Unibanco About Itaú Unibanco ( Free Report ) 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. Further Reading Five stocks we like better than Itaú Unibanco What Are Trending Stocks? Trending Stocks Explained Rocket Lab Stock Soars: Should Investors Chase the Rally? Trading Halts Explained KB Home Slips After Earnings: What’s Next for Homebuilders? Investing in Construction Stocks Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itaú Unibanco Holding S.

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