American Century Companies Inc. Raises Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

American Century Companies Inc. lifted its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,009,983 shares of the bank's stock after buying an additional 274,750 shares during the period. American Century Companies Inc.'s holdings in Itaú Unibanco were worth $19,890,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mount Yale Investment Advisors LLC bought a new position in shares of Itaú Unibanco during the 4th quarter worth approximately $57,000. Signaturefd LLC increased its position in shares of Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after acquiring an additional 11,961 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Itaú Unibanco during the third quarter worth $68,000. Fielder Capital Group LLC boosted its position in Itaú Unibanco by 13.2% in the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock worth $85,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Freedom Investment Management Inc. bought a new position in Itaú Unibanco in the 3rd quarter valued at $90,000.

Itaú Unibanco Stock Performance

Shares of ITUB stock traded up $0.17 on Thursday, hitting $5.70. 38,702,017 shares of the stock were exchanged, compared to its average volume of 23,599,464. Itaú Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.30. The firm's 50 day moving average is $5.34 and its two-hundred day moving average is $5.30. The firm has a market capitalization of $61.40 billion, a PE ratio of 7.30, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Sell-side analysts expect 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 disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were paid a dividend of $0.0527 per share. This is a positive change from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend was Wednesday, February 19th. Itaú Unibanco's payout ratio is presently 2.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. HSBC raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price target on the stock in a report on Monday, January 13th. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. Finally, UBS Group upgraded shares of 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $6.27.

Itaú Unibanco Company Profile

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.