Natixis Advisors LLC lessened its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,018,820 shares of the bank's stock after selling 480,096 shares during the period. Natixis Advisors LLC's holdings in Itaú Unibanco were worth $10,013,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 2,604,304 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Itaú Unibanco by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank's stock worth $336,408,000 after purchasing an additional 2,886,508 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Itaú Unibanco by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock valued at $196,705,000 after purchasing an additional 1,286,014 shares during the period. Franklin Resources Inc. grew its stake in Itaú Unibanco by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank's stock worth $174,930,000 after buying an additional 346,390 shares during the last quarter. Finally, FMR LLC increased its position in Itaú Unibanco by 12,592.2% in the third quarter. FMR LLC now owns 23,484,343 shares of the bank's stock worth $156,171,000 after buying an additional 23,299,313 shares during the period.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ITUB. HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price target for the company in a research report 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 Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $6.27.
Check Out Our Latest Report on Itaú Unibanco
Itaú Unibanco Price Performance
ITUB traded down $0.06 on Monday, reaching $5.61. The company had a trading volume of 14,725,141 shares, compared to its average volume of 23,354,384. Itaú Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.35. The company has a market capitalization of $60.43 billion, a P/E ratio of 7.19, a PEG ratio of 0.89 and a beta of 0.97. The company has a fifty day moving average of $5.21 and a 200-day moving average of $5.32. 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 posted 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%. As a group, equities research analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.
Itaú Unibanco Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a dividend of $0.0527 per share. This is a boost 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%.
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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