Itaú Unibanco Holding S.A. (NYSE:ITUB) Stake Boosted by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda raised its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 657.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,702,655 shares of the bank's stock after purchasing an additional 1,477,993 shares during the period. Itaú Unibanco accounts for 1.3% of SPX Gestao de Recursos Ltda's portfolio, making the stock its 26th largest position. SPX Gestao de Recursos Ltda's holdings in Itaú Unibanco were worth $8,445,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ITUB. JPMorgan Chase & Co. increased its holdings in shares of Itaú Unibanco by 5.4% during the 3rd 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 last quarter. Fisher Asset Management LLC grew its position in Itaú Unibanco by 6.1% during the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank's stock valued at $336,408,000 after acquiring an additional 2,886,508 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Itaú Unibanco by 3.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock worth $196,705,000 after acquiring an additional 1,286,014 shares during the last quarter. Franklin Resources Inc. raised its holdings 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 worth $174,930,000 after purchasing an additional 346,390 shares during the period. Finally, FMR LLC lifted its stake in shares of Itaú Unibanco by 12,592.2% in the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank's stock valued at $156,171,000 after purchasing an additional 23,299,313 shares in the last quarter.

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Analyst Upgrades and Downgrades

ITUB has been the subject of a number of research analyst reports. UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Hsbc Global Res upgraded Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. Finally, HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price objective on the stock in a research note on Monday, January 13th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Itaú Unibanco has an average rating of "Buy" and an average price target of $6.90.

Itaú Unibanco Stock Up 1.3 %

Shares of NYSE ITUB traded up $0.08 during midday trading on Thursday, reaching $5.73. 32,973,231 shares of the company's stock were exchanged, compared to its average volume of 25,309,975. The stock has a market capitalization of $56.11 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a 52-week low of $4.86 and a 52-week high of $7.04. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. The business's fifty day moving average price is $5.59 and its two-hundred day moving average price is $5.87.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.058 per share. This is an increase from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, February 19th. Itaú Unibanco's dividend payout ratio is 2.56%.

Itaú Unibanco 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.