Robeco Institutional Asset Management B.V. Buys 1,286,014 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Robeco Institutional Asset Management B.V. grew its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,658,215 shares of the bank's stock after purchasing an additional 1,286,014 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.40% of Itaú Unibanco worth $196,705,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Itaú Unibanco in the 3rd quarter valued at approximately $1,215,000. State Street Corp raised its position in Itaú Unibanco by 7.4% during the third quarter. State Street Corp now owns 12,522,486 shares of the bank's stock worth $83,899,000 after acquiring an additional 861,500 shares in the last quarter. JPMorgan Chase & Co. lifted 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 last quarter. HighTower Advisors LLC grew its position in shares of Itaú Unibanco by 23.2% in the 3rd quarter. HighTower Advisors LLC now owns 25,586 shares of the bank's stock valued at $169,000 after acquiring an additional 4,823 shares during the period. Finally, Perpetual Ltd grew its position in shares of Itaú Unibanco by 9.0% in the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank's stock valued at $90,638,000 after acquiring an additional 1,126,695 shares during the period.

Wall Street Analyst Weigh In

ITUB has been the subject of several recent analyst reports. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. UBS Group upgraded Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price target on the stock in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced their price objective 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. 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, Itaú Unibanco has an average rating of "Buy" and an average price target of $6.90.

Itaú Unibanco Stock Performance

Shares of NYSE:ITUB traded down $0.04 during trading on Wednesday, reaching $5.66. 18,499,779 shares of the stock were exchanged, compared to its average volume of 23,699,963. Itaú Unibanco Holding S.A. has a 12 month low of $4.86 and a 12 month high of $7.27. The stock has a 50-day moving average price of $5.31 and a 200-day moving average price of $5.98. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28. The firm has a market cap of $55.42 billion, a PE ratio of 7.25, a PEG ratio of 0.62 and a beta of 0.95.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 4th will be issued a $0.0029 dividend. This is a positive change from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date is Tuesday, February 4th. Itaú Unibanco's dividend payout ratio is currently 3.85%.

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.