Headlands Technologies LLC Boosts Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Headlands Technologies LLC grew its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 39.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,458 shares of the bank's stock after purchasing an additional 47,798 shares during the period. Headlands Technologies LLC's holdings in Itaú Unibanco were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP bought a new position in Itaú Unibanco during the 3rd quarter worth $68,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Itaú Unibanco in the 4th quarter valued at $57,000. Signaturefd LLC increased its position in shares of 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 period. Coldstream Capital Management Inc. raised its stake in Itaú Unibanco by 16.9% during the third quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank's stock worth $103,000 after buying an additional 2,250 shares during the last quarter. Finally, Fielder Capital Group LLC lifted its holdings in Itaú Unibanco by 13.2% in the fourth 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 period.

Itaú Unibanco Stock Down 1.4 %

Shares of ITUB stock traded down $0.08 during trading hours on Monday, reaching $5.26. The company had a trading volume of 19,720,363 shares, compared to its average volume of 23,572,189. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.30. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The business has a fifty day simple moving average of $5.35 and a 200-day simple moving average of $5.28. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.25% and a return on equity of 19.46%. On average, research analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

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

Analyst Upgrades and Downgrades

ITUB has been the subject of a number of recent analyst reports. UBS Group upgraded Itaú Unibanco from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. HSBC raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price on the stock in a research note on Monday, January 13th. Finally, Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $6.27.

Itaú Unibanco Company 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.