Eagle Global Advisors LLC Purchases 138,000 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Eagle Global Advisors LLC grew its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 410,000 shares of the bank's stock after purchasing an additional 138,000 shares during the quarter. Eagle Global Advisors LLC's holdings in Itaú Unibanco were worth $2,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Metis Global Partners LLC increased its holdings in Itaú Unibanco by 7.4% in the fourth quarter. Metis Global Partners LLC now owns 27,876 shares of the bank's stock valued at $138,000 after purchasing an additional 1,925 shares during the period. Peapack Gladstone Financial Corp increased its stake in shares of 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 buying an additional 2,000 shares during the period. Fielder Capital Group LLC raised its position in shares of Itaú Unibanco by 13.2% during the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock worth $85,000 after acquiring an additional 2,001 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Itaú Unibanco by 18.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 19,819 shares of the bank's stock worth $98,000 after acquiring an additional 3,089 shares during the period. Finally, Spire Wealth Management boosted its holdings in Itaú Unibanco by 8.2% in the fourth quarter. Spire Wealth Management now owns 44,738 shares of the bank's stock valued at $222,000 after acquiring an additional 3,405 shares during the last quarter.

Wall Street Analyst Weigh In

ITUB has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, HSBC raised Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $6.27.

Itaú Unibanco Stock Down 0.2 %

Shares of NYSE ITUB opened at $6.10 on Thursday. 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 $6.37. The stock has a market capitalization of $65.76 billion, a P/E ratio of 7.82, a P/E/G ratio of 0.89 and a beta of 0.76. The company has a 50-day moving average price of $5.61 and a 200-day moving average price of $5.28.

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 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%. On average, equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.0024 per share. The ex-dividend date is Monday, May 5th. This represents a yield of 0.46%. Itaú Unibanco's dividend payout ratio is presently 2.82%.

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.

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