Itau Unibanco Holding S.A. $ITUB Shares Bought by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in Itau Unibanco by 41.7% during the first quarter, acquiring a total of 236,697 shares worth $1,302,000.
• Itau Unibanco recently declared a $0.0026 dividend to be paid on October 8th, marking a notable increase from its previous dividend of $0.00.
• The stock has an average rating of "Buy" and a consensus target price of $6.27, with UBS Group reaffirming a neutral rating on July 10th.

Campbell & CO Investment Adviser LLC lifted its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 41.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,697 shares of the bank's stock after purchasing an additional 69,669 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Itau Unibanco were worth $1,302,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ITUB. Parallel Advisors LLC increased its stake in shares of Itau Unibanco by 707.1% in 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 in the last quarter. Alta Capital Management LLC purchased a new stake in Itau Unibanco in the 1st quarter worth $62,000. Tuttle Capital Management LLC acquired a new position in Itau Unibanco during the first quarter worth $67,000. Waverly Advisors LLC acquired a new stake in shares of Itau Unibanco in the fourth quarter valued at about $67,000. Finally, Avantax Advisory Services Inc. boosted its holdings in Itau Unibanco by 21.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,890 shares of the bank's stock worth $76,000 after buying an additional 2,468 shares during the last quarter.

Itau Unibanco Stock Up 0.2%

Shares of NYSE ITUB traded up $0.02 during mid-day trading on Friday, hitting $7.13. The company had a trading volume of 19,475,315 shares, compared to its average volume of 31,109,024. 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 market capitalization of $76.81 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.08 and a beta of 0.74. 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 business's 50-day simple moving average is $6.64 and its 200 day simple moving average is $6.16.

Itau Unibanco (NYSE:ITUB - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share 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 business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $44.75 billion. On average, analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Tuesday, December 2nd will be given a $0.0031 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. Itau Unibanco's dividend payout ratio is 33.80%.

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 given a Hold rating to the company. According to MarketBeat, Itau Unibanco currently has a consensus rating of "Buy" and a consensus price target of $6.27.

Itau Unibanco Profile

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.