Franklin Resources Inc. Has $140.81 Million Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Franklin Resources Inc. raised its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,389,460 shares of the bank's stock after acquiring an additional 489,873 shares during the period. Franklin Resources Inc. owned about 0.29% of Itaú Unibanco worth $140,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Mount Yale Investment Advisors LLC bought a new stake in Itaú Unibanco in the 4th quarter valued at $57,000. Signaturefd LLC lifted its holdings in shares of Itaú Unibanco by 4,000.3% in the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after purchasing an additional 11,961 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Itaú Unibanco during the third quarter worth about $68,000. Fielder Capital Group LLC grew its holdings in shares of Itaú Unibanco by 13.2% during the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock worth $85,000 after buying an additional 2,001 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Itaú Unibanco in the 4th quarter valued at approximately $94,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ITUB. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. HSBC raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price for the company in a research report on Monday, January 13th. Finally, UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report 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 stock. According to data from MarketBeat, Itaú Unibanco currently has a consensus rating of "Buy" and an average price target of $6.27.

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Itaú Unibanco Stock Performance

ITUB traded down $0.08 during trading hours on Monday, reaching $5.25. The company's stock had a trading volume of 17,989,836 shares, compared to its average volume of 23,563,258. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. The company's 50-day moving average is $5.35 and its 200-day moving average is $5.28. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.30. The firm has a market cap of $56.58 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted 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%. On average, equities analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.0527 per share. 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 payout ratio is currently 2.82%.

Itaú Unibanco 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.