Constellation Investimentos e Participacoes Ltda Has $12.60 Million Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Constellation Investimentos e Participacoes Ltda raised its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 96.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,540,200 shares of the bank's stock after acquiring an additional 1,249,200 shares during the period. Itaú Unibanco makes up 12.2% of Constellation Investimentos e Participacoes Ltda's investment portfolio, making the stock its 3rd largest position. Constellation Investimentos e Participacoes Ltda's holdings in Itaú Unibanco were worth $12,599,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of Itaú Unibanco by 68.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank's stock worth $38,000 after acquiring an additional 2,469 shares during the last quarter. Daymark Wealth Partners LLC bought a new stake in Itaú Unibanco during the third quarter worth about $68,000. Quantinno Capital Management LP purchased a new position in shares of Itaú Unibanco in the 3rd quarter worth about $68,000. MQS Management LLC purchased a new position in shares of Itaú Unibanco during the 3rd quarter valued at about $70,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Itaú Unibanco during the 3rd quarter valued at about $81,000.

Analysts Set New Price Targets

Several research firms have commented on ITUB. UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their price target on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. Finally, HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price objective on the stock in a report on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $6.90.

Itaú Unibanco Trading Up 0.5 %

NYSE:ITUB traded up $0.03 during midday trading on Monday, reaching $5.34. 20,805,894 shares of the stock traded hands, compared to its average volume of 25,216,058. The stock has a market capitalization of $52.29 billion, a P/E ratio of 6.84, a PEG ratio of 0.57 and a beta of 0.95. Itaú Unibanco Holding S.A. has a 12 month low of $4.86 and a 12 month high of $7.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. The company has a fifty day moving average of $5.38 and a 200 day moving average of $6.01.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.0029 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This is an increase from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's payout ratio is currently 3.85%.

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.