Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 45.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,627 shares of the bank’s stock after selling 27,573 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Itau Unibanco were worth $298,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Itau Unibanco by 51.2% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 576,204 shares of the bank’s stock worth $5,266,000 after acquiring an additional 195,189 shares during the period. Avestar Capital LLC increased its position in shares of Itau Unibanco by 30.8% during the 4th quarter. Avestar Capital LLC now owns 14,256 shares of the bank’s stock worth $109,000 after purchasing an additional 3,355 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Itau Unibanco by 53.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 2,969,962 shares of the bank’s stock worth $27,146,000 after purchasing an additional 1,031,513 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of Itau Unibanco by 51.6% during the 4th quarter. Eqis Capital Management Inc. now owns 138,652 shares of the bank’s stock worth $1,267,000 after purchasing an additional 47,196 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Itau Unibanco by 66.8% during the 4th quarter. Fisher Asset Management LLC now owns 44,341,615 shares of the bank’s stock worth $405,282,000 after purchasing an additional 17,763,695 shares during the last quarter. Institutional investors own 4.13% of the company’s stock.

ITUB has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Citigroup downgraded Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Morgan Stanley raised Itau Unibanco from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. ValuEngine raised Itau Unibanco from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, HSBC downgraded Itau Unibanco from a “hold” rating to a “reduce” rating in a research report on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.00.

NYSE ITUB traded down $0.16 during trading on Monday, hitting $9.78. The stock had a trading volume of 132,736 shares, compared to its average volume of 19,369,148. The company has a market cap of $96.56 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.77 and a quick ratio of 1.77. Itau Unibanco Holding SA has a twelve month low of $6.57 and a twelve month high of $11.01.

The company also recently announced a monthly dividend, which will be paid on Monday, March 18th. Shareholders of record on Monday, February 25th will be given a $0.2841 dividend. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. This represents a $3.41 annualized dividend and a yield of 34.85%. The ex-dividend date of this dividend is Friday, February 22nd. Itau Unibanco’s payout ratio is currently 7.58%.

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About Itau Unibanco

Ita├║ 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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