Arrowstreet Capital Limited Partnership lifted its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,018,726 shares of the bank's stock after purchasing an additional 4,151,459 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.49% of Itaú Unibanco worth $238,173,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of ITUB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Itaú Unibanco in the 3rd quarter valued at approximately $1,215,000. State Street Corp lifted its stake in Itaú Unibanco by 7.4% in the 3rd quarter. State Street Corp now owns 12,522,486 shares of the bank's stock valued at $83,899,000 after purchasing an additional 861,500 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Itaú Unibanco by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after buying an additional 2,604,304 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Itaú Unibanco by 23.2% during the third quarter. HighTower Advisors LLC now owns 25,586 shares of the bank's stock worth $169,000 after buying an additional 4,823 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Itaú Unibanco by 1.3% in the 3rd quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank's stock valued at $174,930,000 after acquiring an additional 346,390 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a report 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 on the stock in a report on Monday, January 13th. Finally, UBS Group raised 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $6.27.
Read Our Latest Stock Report on Itaú Unibanco
Itaú Unibanco Trading Up 3.3 %
ITUB stock traded up $0.18 during trading on Thursday, hitting $5.71. The company had a trading volume of 12,433,822 shares, compared to its average volume of 23,490,785. The stock has a market cap of $61.56 billion, a PE ratio of 7.32, a PEG ratio of 0.89 and a beta of 0.97. The business has a 50-day moving average of $5.33 and a 200-day moving average of $5.29. 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 Holding S.A. has a one year low of $4.42 and a one year high of $6.30.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.
Itaú Unibanco Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were paid a $0.0527 dividend. This is an increase from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date was Wednesday, February 19th. Itaú Unibanco's payout ratio is currently 2.82%.
About Itaú Unibanco
(
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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