Boston Common Asset Management LLC Raises Stock Position in Itau Unibanco Holding S.A. $ITUB

Key Points

• Boston Common Asset Management LLC increased its stake in Itau Unibanco Holding S.A. by 7.5% during the second quarter, now holding 1,733,872 shares valued at approximately $11.77 million.
• Itau Unibanco recently announced a monthly dividend of $0.0454, marking an increase from its previous zero dividend, resulting in an annualized yield of 7.6%.
• The company's stock price is currently at $7.17, with a market cap of $77.25 billion and a consensus rating of "Moderate Buy."

Boston Common Asset Management LLC boosted its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 7.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,733,872 shares of the bank's stock after buying an additional 120,903 shares during the period. Boston Common Asset Management LLC's holdings in Itau Unibanco were worth $11,773,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Itau Unibanco by 3,590.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank's stock worth $29,000 after buying an additional 4,201 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Itau Unibanco by 707.1% during the 1st quarter. Parallel Advisors LLC now owns 7,740 shares of the bank's stock valued at $43,000 after purchasing an additional 6,781 shares during the last quarter. Alta Capital Management LLC bought a new position in shares of Itau Unibanco during the 1st quarter valued at about $62,000. Ieq Capital LLC bought a new position in shares of Itau Unibanco during the 1st quarter valued at about $64,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Itau Unibanco by 114.8% during the 2nd quarter. GAMMA Investing LLC now owns 9,667 shares of the bank's stock valued at $66,000 after purchasing an additional 5,167 shares during the last quarter.

Itau Unibanco Stock Up 0.6%

Shares of NYSE:ITUB opened at $7.17 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $7.45. The company has a 50-day moving average price of $6.94 and a 200 day moving average price of $6.49. The company has a market cap of $77.25 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.06 and a beta of 0.84.

Itau Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $44.75 billion. As a group, equities research analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were paid a $0.0454 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This is an increase from Itau Unibanco's previous monthly dividend of $0.00. This represents a c) annualized dividend and a yield of 7.6%. Itau Unibanco's payout ratio is 4.23%.

Wall Street Analyst Weigh In

ITUB has been the subject of several research reports. UBS Group reissued a "neutral" rating on shares of Itau Unibanco in a report on Thursday, July 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Itau Unibanco in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $6.27.

About Itau 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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