Sava Infond d.o.o. Acquires Shares of 126,000 Itaú Unibanco Holding S.A. (NYSE:ITUB)

Sava Infond d.o.o. acquired a new stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 126,000 shares of the bank's stock, valued at approximately $625,000.

Other hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP purchased a new position in shares of Itaú Unibanco during the 3rd quarter valued at $68,000. Mount Yale Investment Advisors LLC bought a new position in Itaú Unibanco in the fourth quarter valued at $57,000. Raymond James Trust N.A. purchased a new stake in Itaú Unibanco during the third quarter valued at about $81,000. Signaturefd LLC lifted its stake in Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock worth $61,000 after purchasing an additional 11,961 shares during the last quarter. Finally, Freedom Investment Management Inc. purchased a new position in shares of Itaú Unibanco in the 3rd quarter worth about $90,000.

Itaú Unibanco Stock Up 0.5 %

ITUB stock traded up $0.03 during trading on Tuesday, hitting $5.53. 4,194,130 shares of the stock traded hands, compared to its average volume of 23,471,177. The stock has a market cap of $59.56 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.30. The firm's 50 day moving average is $5.30 and its two-hundred day moving average is $5.30.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its earnings results 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 return on equity of 19.46% and a net margin of 12.25%. On average, sell-side analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current 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. 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 is 2.82%.

Analysts Set New Price Targets

Several research analysts have commented on ITUB shares. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. HSBC upgraded Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price for the company in a report on Monday, January 13th. Finally, UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $6.27.

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.