Caprock Group LLC bought a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 58,276 shares of the bank's stock, valued at approximately $295,000.
Other hedge funds have also added to or reduced their stakes in the company. First Affirmative Financial Network boosted its position in Itaú Unibanco by 47.6% during the 4th quarter. First Affirmative Financial Network now owns 35,593 shares of the bank's stock valued at $177,000 after buying an additional 11,473 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Itaú Unibanco by 3.4% during the fourth 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. Mount Yale Investment Advisors LLC bought a new stake in shares of Itaú Unibanco in the fourth quarter worth about $57,000. Union Bancaire Privee UBP SA bought a new stake in shares of Itaú Unibanco in the fourth quarter worth about $100,000. Finally, Blue Trust Inc. increased its holdings in Itaú Unibanco by 12.4% during the 4th quarter. Blue Trust Inc. now owns 52,900 shares of the bank's stock valued at $262,000 after purchasing an additional 5,845 shares during the period.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. Finally, HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 target price for the company in a research note on Monday, January 13th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Itaú Unibanco presently has an average rating of "Buy" and an average price target of $6.90.
Read Our Latest Analysis on ITUB
Itaú Unibanco Stock Performance
Shares of ITUB stock traded up $0.09 during trading hours on Monday, reaching $5.94. The company had a trading volume of 25,479,407 shares, compared to its average volume of 26,407,916. The firm has a market cap of $58.17 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.67 and a beta of 0.95. The business has a fifty day moving average price of $5.32 and a 200-day moving average price of $5.96. Itaú Unibanco Holding S.A. has a one year low of $4.86 and a one year high of $7.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.76% and a net margin of 12.25%. Sell-side analysts predict that Itaú Unibanco Holding S.A. will post 0.82 earnings per share for the current fiscal year.
Itaú Unibanco Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This is a boost from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's dividend payout ratio (DPR) is currently 3.85%.
Itaú Unibanco Company Profile
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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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