Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 145.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 189,329 shares of the bank's stock after acquiring an additional 112,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Itaú Unibanco were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of ITUB. JPMorgan Chase & Co. lifted its stake in shares of Itaú Unibanco by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after purchasing an additional 2,604,304 shares during the last quarter. Fisher Asset Management LLC boosted its stake 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 worth $336,408,000 after buying an additional 2,886,508 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of 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 valued at $196,705,000 after acquiring an additional 1,286,014 shares during the last quarter. Franklin Resources Inc. raised its stake 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 valued at $174,930,000 after acquiring an additional 346,390 shares during the period. Finally, FMR LLC lifted its holdings 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 worth $156,171,000 after acquiring an additional 23,299,313 shares during the last quarter.
Itaú Unibanco Stock Down 1.0 %
Shares of Itaú Unibanco stock traded down $0.06 on Monday, reaching $5.61. 14,725,141 shares of the company were exchanged, compared to its average volume of 23,354,384. The stock's 50 day moving average price is $5.21 and its 200-day moving average price is $5.32. The company has a market cap of $60.43 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Itaú Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $6.35. 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 (NYSE:ITUB - Get Free Report) last issued 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%. As a group, equities analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS 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 paid a dividend of $0.0527 per share. This is a boost from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date was Wednesday, February 19th. Itaú Unibanco's payout ratio is presently 2.82%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. HSBC raised Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 target price on the stock in a research report on Monday, January 13th. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $6.27.
Check Out Our Latest Report on ITUB
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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