Capital Research Global Investors reduced its position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,319,815 shares of the bank's stock after selling 2,957,973 shares during the period. Capital Research Global Investors owned approximately 0.13% of Itaú Unibanco worth $61,121,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in Itaú Unibanco by 1.8% in the fourth quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after purchasing an additional 489,873 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 2,604,304 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Itaú Unibanco by 23.2% during the 3rd quarter. HighTower Advisors LLC now owns 25,586 shares of the bank's stock valued at $169,000 after buying an additional 4,823 shares during the last quarter. Haven Global Partners LLC acquired a new stake in shares of Itaú Unibanco during the fourth quarter worth approximately $3,284,000. Finally, Walleye Capital LLC increased its stake in shares of Itaú Unibanco by 5,310.8% in the fourth quarter. Walleye Capital LLC now owns 783,968 shares of the bank's stock worth $3,888,000 after buying an additional 769,479 shares during the last quarter.
Itaú Unibanco Stock Performance
Shares of NYSE:ITUB traded up $0.01 on Friday, reaching $6.15. 21,312,453 shares of the company's stock were exchanged, compared to its average volume of 24,040,327. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.30. The business's 50-day moving average is $5.43 and its two-hundred day moving average is $5.25. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $66.30 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.89 and a beta of 0.65.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current 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 an increase from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date was Wednesday, February 19th. Itaú Unibanco's dividend payout ratio is presently 2.82%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. UBS Group upgraded shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Hsbc Global Res upgraded Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. Finally, HSBC raised Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price objective for the company in a report on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Itaú Unibanco has a consensus rating of "Buy" and a consensus target price of $6.27.
Read Our Latest Report on ITUB
Itaú Unibanco Profile
(
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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