Dimensional Fund Advisors LP grew its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 452,035 shares of the bank's stock after buying an additional 98,591 shares during the quarter. Dimensional Fund Advisors LP's holdings in Itaú Unibanco were worth $2,242,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP bought a new position in Itaú Unibanco during the 4th quarter valued at about $367,000. Farringdon Capital Ltd. purchased a new stake in shares of Itaú Unibanco during the fourth quarter valued at $226,000. Marshall Wace LLP raised its holdings in shares of Itaú Unibanco by 27.2% in the fourth quarter. Marshall Wace LLP now owns 10,933,960 shares of the bank's stock valued at $54,232,000 after acquiring an additional 2,335,830 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Itaú Unibanco by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 67,452 shares of the bank's stock worth $335,000 after purchasing an additional 13,686 shares during the last quarter. Finally, Dodge & Cox increased its position in shares of Itaú Unibanco by 6.8% during the fourth quarter. Dodge & Cox now owns 16,621,005 shares of the bank's stock worth $82,440,000 after purchasing an additional 1,058,400 shares in the last quarter.
Itaú Unibanco Price Performance
Itaú Unibanco stock opened at $6.63 on Thursday. Itaú Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $6.66. The firm has a market capitalization of $71.48 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.89 and a beta of 0.76. The company has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $5.31. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The bank reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $7.93 billion during the quarter, compared to analysts' expectations of $43.07 billion. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, equities analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.
Itaú Unibanco Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be given a $0.0024 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco's dividend payout ratio (DPR) is 2.82%.
Analyst Upgrades and Downgrades
Separately, UBS Group upgraded shares of 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $6.27.
View Our Latest Analysis 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.
See Also
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.
