Eagle Global Advisors LLC trimmed its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,000 shares of the bank's stock after selling 45,000 shares during the quarter. Eagle Global Advisors LLC's holdings in Itau Unibanco were worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in ITUB. GQG Partners LLC grew its position in shares of Itau Unibanco by 738.6% in the 1st quarter. GQG Partners LLC now owns 77,734,889 shares of the bank's stock worth $427,542,000 after buying an additional 68,465,514 shares during the last quarter. Orbis Allan Gray Ltd bought a new stake in shares of Itau Unibanco in the 1st quarter worth approximately $227,646,000. B. Metzler seel. Sohn & Co. AG grew its position in shares of Itau Unibanco by 963.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 8,641,277 shares of the bank's stock worth $47,527,000 after buying an additional 7,828,744 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Itau Unibanco by 241.2% in the 1st quarter. Ameriprise Financial Inc. now owns 8,221,235 shares of the bank's stock worth $45,219,000 after buying an additional 5,811,939 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Itau Unibanco by 40.3% in the 1st quarter. Driehaus Capital Management LLC now owns 14,553,574 shares of the bank's stock worth $80,045,000 after buying an additional 4,179,898 shares during the last quarter.
Itau Unibanco Trading Up 0.6%
ITUB opened at $7.25 on Friday. The stock has a market cap of $78.11 billion, a PE ratio of 10.27, a PEG ratio of 1.07 and a beta of 0.86. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. The business has a 50 day moving average of $6.86 and a 200-day moving average of $6.43. Itau Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $7.44.
Itau Unibanco (NYSE:ITUB - Get Free Report) last released its earnings results on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. The company had revenue of $7.14 billion during the quarter, compared to analysts' expectations of $44.75 billion. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. Equities research analysts predict 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 was paid on Monday, September 8th. Stockholders of record on Wednesday, August 20th were paid a $0.0454 dividend. This is an increase from Itau Unibanco's previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Wednesday, August 20th. Itau Unibanco's payout ratio is currently 4.23%.
Wall Street Analyst Weigh In
Separately, UBS Group reiterated a "neutral" rating on shares of Itau Unibanco in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Itau Unibanco has a consensus rating of "Buy" and a consensus target price of $6.27.
Get Our Latest Report on ITUB
About Itau 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.
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