Raymond James Financial Inc. purchased a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 386,626 shares of the bank's stock, valued at approximately $1,918,000.
A number of other large investors also recently modified their holdings of ITUB. Mount Yale Investment Advisors LLC acquired a new stake in Itaú Unibanco in the fourth quarter valued at $57,000. 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. Peapack Gladstone Financial Corp boosted its holdings in Itaú Unibanco by 13.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock valued at $84,000 after purchasing an additional 2,000 shares in the last quarter. Fielder Capital Group LLC increased its stake in Itaú Unibanco by 13.2% in the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock valued at $85,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Itaú Unibanco during the fourth quarter worth approximately $94,000.
Itaú Unibanco Stock Down 0.2 %
ITUB opened at $6.30 on Friday. Itaú Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $6.32. The business has a 50 day moving average price of $5.53 and a two-hundred day moving average price of $5.27. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The company has a market cap of $67.87 billion, a PE ratio of 8.07, a P/E/G ratio of 0.89 and a beta of 0.65.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.
Itaú Unibanco Cuts Dividend
The company also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.0024 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco's dividend payout ratio is currently 2.82%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ITUB shares. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, HSBC raised 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. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $6.27.
Check Out Our Latest Stock Report on Itaú Unibanco
Itaú Unibanco Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Itaú Unibanco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Itaú Unibanco wasn't on the list.
While Itaú Unibanco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
