Nuveen LLC bought a new stake in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 190,622 shares of the bank's stock, valued at approximately $1,048,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of Itau Unibanco by 311.4% during the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank's stock worth $126,898,000 after acquiring an additional 19,365,644 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Itau Unibanco during the 4th quarter worth about $71,054,000. Voloridge Investment Management LLC boosted its stake in shares of Itau Unibanco by 127.2% during the 4th quarter. Voloridge Investment Management LLC now owns 6,290,328 shares of the bank's stock worth $31,200,000 after acquiring an additional 3,521,518 shares in the last quarter. TT International Asset Management LTD bought a new stake in shares of Itau Unibanco during the 1st quarter worth about $17,826,000. Finally, Jane Street Group LLC boosted its stake in shares of Itau Unibanco by 495.7% during the 4th quarter. Jane Street Group LLC now owns 2,897,014 shares of the bank's stock worth $14,369,000 after acquiring an additional 2,410,712 shares in the last quarter.
Itau Unibanco Stock Performance
Shares of NYSE ITUB traded up $0.07 during trading hours on Thursday, hitting $7.01. 32,259,735 shares of the company's stock were exchanged, compared to its average volume of 28,672,574. Itau Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $7.18. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $75.52 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 1.08 and a beta of 0.86. The company's 50-day moving average price is $6.66 and its 200-day moving average price is $6.19.
Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%.The firm had revenue of $7.14 billion during the quarter, compared to analysts' expectations of $44.75 billion. On average, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.
Itau Unibanco Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, September 8th. Stockholders of record on Wednesday, August 20th will be issued a $0.0454 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Wednesday, August 20th. This is a boost from Itau Unibanco's previous monthly dividend of $0.00. Itau Unibanco's payout ratio is currently 33.80%.
Analyst Ratings Changes
Separately, UBS Group reiterated a "neutral" rating on shares of Itau Unibanco in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $6.27.
Check Out Our Latest Analysis on ITUB
Itau Unibanco 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.
Featured Stories
Before you consider Itau 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 Itau Unibanco wasn't on the list.
While Itau Unibanco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
