Farringdon Capital Ltd. Invests $226,000 in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Farringdon Capital Ltd. acquired a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 45,650 shares of the bank's stock, valued at approximately $226,000.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in shares of Itaú Unibanco in the fourth quarter valued at about $35,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Itaú Unibanco during the 4th quarter valued at approximately $57,000. Signaturefd LLC boosted its stake in shares of Itaú Unibanco by 4,000.3% during the 4th quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after acquiring an additional 11,961 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in shares of Itaú Unibanco in the 4th quarter worth approximately $67,000. Finally, Peapack Gladstone Financial Corp increased its stake in Itaú Unibanco by 13.4% in the 4th quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock valued at $84,000 after purchasing an additional 2,000 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on ITUB shares. UBS Group upgraded Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price for the company in a report on Monday, January 13th. Finally, Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $6.27.

Itaú Unibanco Trading Up 2.7 %

Shares of NYSE:ITUB traded up $0.16 during trading on Thursday, reaching $6.14. The stock had a trading volume of 31,698,655 shares, compared to its average volume of 24,035,140. 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 has a fifty day moving average price of $5.42 and a 200-day moving average price of $5.25. The stock has a market cap of $66.20 billion, a P/E ratio of 7.87, a PEG ratio of 0.89 and a beta of 0.65. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.0527 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's dividend payout ratio (DPR) is presently 2.82%.

About Itaú Unibanco

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.