Natural Investments LLC acquired a new stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 89,744 shares of the bank's stock, valued at approximately $445,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ITUB. JPMorgan Chase & Co. increased its stake in Itaú Unibanco by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after buying an additional 2,604,304 shares during the last quarter. Fisher Asset Management LLC grew its stake in Itaú Unibanco by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank's stock valued at $336,408,000 after purchasing an additional 2,886,508 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Itaú Unibanco by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock worth $196,705,000 after purchasing an additional 1,286,014 shares during the period. Franklin Resources Inc. raised its stake in shares of Itaú Unibanco by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank's stock worth $174,930,000 after purchasing an additional 346,390 shares during the period. Finally, FMR LLC grew its position in Itaú Unibanco by 12,592.2% during the third quarter. FMR LLC now owns 23,484,343 shares of the bank's stock valued at $156,171,000 after buying an additional 23,299,313 shares during the period.
Itaú Unibanco Price Performance
ITUB stock opened at $5.65 on Wednesday. The firm has a 50 day moving average of $5.56 and a 200-day moving average of $5.88. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $55.33 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a 12 month low of $4.86 and a 12 month high of $7.04.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, sell-side analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.
Itaú Unibanco Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, February 19th. This is a boost from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's payout ratio is currently 2.56%.
Wall Street Analysts Forecast Growth
Several analysts have commented on ITUB shares. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. HSBC raised Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price objective for the company in a report on Monday, January 13th. Finally, UBS Group upgraded Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $6.90.
Check Out Our Latest Analysis on ITUB
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.
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