Itau Unibanco Holding S.A. $ITUB Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Itau Unibanco by 1.7% in Q4, purchasing an additional 956,962 shares to hold 58,581,150 shares (≈0.53% of the company) valued at about $419.4 million, making ITUB its 25th-largest holding.
• Itau Unibanco missed quarterly expectations, reporting EPS of $0.17 vs. $0.20 expected and revenue of $8.62 billion vs. $8.98 billion, while the bank trades with a market cap of $101.5 billion, a P/E of 13.02 and a 12‑month range of $5.19–$9.60.
• Other institutional moves include Orbis Allan Gray boosting its stake by 104.3% to 84,543,938 shares (~$574.1M), several managers increasing positions, and analysts holding a consensus Moderate Buy with an average price target of $9.00.

Robeco Institutional Asset Management B.V. raised its position in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,581,150 shares of the bank's stock after purchasing an additional 956,962 shares during the quarter. Itau Unibanco comprises approximately 0.6% of Robeco Institutional Asset Management B.V.'s investment portfolio, making the stock its 25th biggest holding. Robeco Institutional Asset Management B.V. owned 0.53% of Itau Unibanco worth $419,441,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Orbis Allan Gray Ltd increased its stake in shares of Itau Unibanco by 104.3% in the second quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank's stock valued at $574,053,000 after purchasing an additional 43,153,787 shares during the period. Schroder Investment Management Group increased its stake in shares of Itau Unibanco by 4.9% during the third quarter. Schroder Investment Management Group now owns 74,529,975 shares of the bank's stock valued at $546,305,000 after acquiring an additional 3,511,303 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Itau Unibanco by 9.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 61,131,445 shares of the bank's stock valued at $448,705,000 after acquiring an additional 5,279,282 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Itau Unibanco by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 41,387,090 shares of the bank's stock valued at $303,781,000 after acquiring an additional 369,474 shares during the period. Finally, William Blair Investment Management LLC increased its stake in shares of Itau Unibanco by 0.7% during the third quarter. William Blair Investment Management LLC now owns 29,470,195 shares of the bank's stock valued at $216,293,000 after acquiring an additional 191,733 shares during the period.

Itau Unibanco Price Performance

NYSE ITUB opened at $9.17 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.58. The firm has a market capitalization of $101.51 billion, a PE ratio of 13.02, a P/E/G ratio of 1.00 and a beta of 0.65. Itau Unibanco Holding S.A. has a 12 month low of $5.19 and a 12 month high of $9.60. The company's 50 day simple moving average is $8.64 and its 200 day simple moving average is $7.75.

Itau Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.98 billion. Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%. As a group, equities research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, March 23rd will be given a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco's payout ratio is 4.29%.

Analysts Set New Price Targets

A number of research analysts recently commented on ITUB shares. Zacks Research lowered shares of Itau Unibanco from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. JPMorgan Chase & Co. raised their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an "overweight" rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Itau Unibanco in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Itau Unibanco currently has a consensus rating of "Moderate Buy" and an average price target of $9.00.

Insider Transactions at Itau Unibanco

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of Itau Unibanco stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $8.82, for a total value of $1,612,296.00. Following the transaction, the insider owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. The trade was a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company's stock.

Itau Unibanco Profile

Itaú Unibanco SA NYSE: ITUB is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.

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