GMT Capital Corp Boosts Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

GMT Capital Corp grew its position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,669,500 shares of the bank's stock after acquiring an additional 978,400 shares during the quarter. Itaú Unibanco comprises 1.4% of GMT Capital Corp's holdings, making the stock its 20th largest position. GMT Capital Corp owned 0.06% of Itaú Unibanco worth $28,121,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in Itaú Unibanco in the 4th quarter worth approximately $35,000. Mount Yale Investment Advisors LLC purchased a new position in Itaú Unibanco during the fourth quarter worth approximately $57,000. Signaturefd LLC boosted its stake in Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after buying an additional 11,961 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in Itaú Unibanco during the fourth quarter worth $67,000. Finally, Peapack Gladstone Financial Corp increased its stake in Itaú Unibanco by 13.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock worth $84,000 after purchasing an additional 2,000 shares during the period.

Itaú Unibanco Trading Up 3.2 %

Shares of Itaú Unibanco stock opened at $5.87 on Wednesday. The stock has a market cap of $63.28 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The company has a 50-day moving average of $5.41 and a two-hundred day moving average of $5.24. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.30.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, research analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal 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 given a dividend of $0.0527 per share. The ex-dividend date 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 currently 2.82%.

Wall Street Analyst Weigh In

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

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.

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