Mondrian Investment Partners LTD Stake in Itauunibanadr P (ITUB) Has Lowered as Share Value Declined

July 27, 2018 - By Robert Shackelford

Itaú Unibanco Holding S.A. (NYSE:ITUB) Logo

Mondrian Investment Partners Ltd decreased its stake in Itauunibanadr P (ITUB) by 6.72% based on its latest 2018Q1 regulatory filing with the SEC. Mondrian Investment Partners Ltd sold 1.50 million shares as the company’s stock declined 25.37% with the market. The institutional investor held 20.87M shares of the major banks company at the end of 2018Q1, valued at $303.24 million, down from 22.37 million at the end of the previous reported quarter. Mondrian Investment Partners Ltd who had been investing in Itauunibanadr P for a number of months, seems to be less bullish one the $71.69B market cap company. The stock decreased 2.84% or $0.36 during the last trading session, reaching $12.33. About 16.08M shares traded or 24.84% up from the average. Itaú Unibanco Holding S.A. (NYSE:ITUB) has risen 21.76% since July 27, 2017 and is uptrending. It has outperformed by 9.19% the S&P500.

Mondrian Investment Partners Ltd, which manages about $70.36 billion and $3.67 billion US Long portfolio, upped its stake in New York Com Bk (NYSE:NYCB) by 1.85M shares to 5.46 million shares, valued at $64.92M in 2018Q1, according to the filing. It also increased its holding in Taiwansmc Adr (NYSE:TSM) by 163,796 shares in the quarter, for a total of 6.56M shares, and has risen its stake in Dr Reddys Adr (NYSE:RDY).

Analysts await Itaú Unibanco Holding S.A. (NYSE:ITUB) to report earnings on July, 31 before the open. They expect $0.28 EPS, down 9.68 % or $0.03 from last year’s $0.31 per share. ITUB’s profit will be $1.63 billion for 11.01 P/E if the $0.28 EPS becomes a reality. After $0.30 actual EPS reported by Itaú Unibanco Holding S.A. for the previous quarter, Wall Street now forecasts -6.67 % negative EPS growth.

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