Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 243,454 shares of the bank's stock, valued at approximately $1,208,000.
Several other institutional investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Itaú Unibanco during the 4th quarter worth about $94,000. West Family Investments Inc. acquired a new position in Itaú Unibanco in the 4th quarter valued at about $128,000. Raymond James Financial Inc. acquired a new position in Itaú Unibanco in the 4th quarter valued at about $1,918,000. Metis Global Partners LLC grew its stake in Itaú Unibanco by 7.4% in the 4th quarter. Metis Global Partners LLC now owns 27,876 shares of the bank's stock valued at $138,000 after buying an additional 1,925 shares during the last quarter. Finally, Fielder Capital Group LLC grew its stake in Itaú Unibanco by 13.2% in the 4th quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock valued at $85,000 after buying an additional 2,001 shares during the last quarter.
Itaú Unibanco Stock Performance
Shares of NYSE:ITUB traded up $0.01 on Friday, reaching $5.68. 18,301,112 shares of the company's stock were exchanged, compared to its average volume of 24,818,877. The company has a fifty day moving average of $5.53 and a 200-day moving average of $5.89. Itaú Unibanco Holding S.A. has a twelve month low of $4.86 and a twelve month high of $7.04. The company has a market capitalization of $55.62 billion, a price-to-earnings ratio of 7.28, a PEG 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 earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. On average, research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.
Itaú Unibanco Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's dividend payout ratio is 2.56%.
Analyst Ratings Changes
ITUB has been the topic of a number of research reports. HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price target on the stock in a research note 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $6.90.
Get 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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