Raymond James Financial Inc. Buys Shares of 386,626 Itaú Unibanco Holding S.A. (NYSE:ITUB)

Raymond James Financial Inc. bought a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 386,626 shares of the bank's stock, valued at approximately $1,918,000.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock worth $338,016,000 after buying an additional 2,604,304 shares during the period. 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 worth $196,705,000 after purchasing an additional 1,286,014 shares during the period. Franklin Resources Inc. increased its holdings in 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 purchasing an additional 346,390 shares in the last quarter. FMR LLC lifted its stake in shares of Itaú Unibanco by 12,592.2% during the third quarter. FMR LLC now owns 23,484,343 shares of the bank's stock worth $156,171,000 after purchasing an additional 23,299,313 shares in the last quarter. Finally, Perpetual Ltd boosted its position in shares of Itaú Unibanco by 0.4% in the fourth quarter. Perpetual Ltd now owns 13,681,494 shares of the bank's stock worth $67,860,000 after buying an additional 51,688 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ITUB shares. HSBC upgraded 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. UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $6.27.

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Itaú Unibanco Stock Down 6.2 %

Shares of ITUB stock traded down $0.36 during mid-day trading on Friday, reaching $5.34. 13,982,066 shares of the company were exchanged, compared to its average volume of 23,562,428. The company has a market capitalization of $57.52 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.89 and a beta of 0.97. The business's 50 day simple moving average is $5.34 and its 200 day simple moving average is $5.30. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.42 and a fifty-two week high of $6.30.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its earnings results 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%. Research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were paid a dividend of $0.0527 per share. The ex-dividend date of this dividend 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 2.82%.

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.