Matthews International Capital Management LLC raised its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,126,855 shares of the bank's stock after acquiring an additional 113,130 shares during the quarter. Itau Unibanco makes up 1.8% of Matthews International Capital Management LLC's holdings, making the stock its 19th largest holding. Matthews International Capital Management LLC's holdings in Itau Unibanco were worth $7,651,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. Fielder Capital Group LLC grew its position in Itau Unibanco by 10.0% in the 1st quarter. Fielder Capital Group LLC now owns 18,816 shares of the bank's stock valued at $103,000 after acquiring an additional 1,710 shares during the last quarter. Flputnam Investment Management Co. grew its position in shares of Itau Unibanco by 10.7% during the 1st quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank's stock worth $110,000 after buying an additional 1,930 shares in the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Itau Unibanco by 10.0% during the 1st quarter. Union Bancaire Privee UBP SA now owns 22,000 shares of the bank's stock worth $121,000 after buying an additional 2,000 shares in the last quarter. Hamilton Capital LLC grew its position in shares of Itau Unibanco by 15.5% during the 1st quarter. Hamilton Capital LLC now owns 16,081 shares of the bank's stock worth $88,000 after buying an additional 2,163 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Itau Unibanco by 31.7% during the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank's stock worth $69,000 after buying an additional 2,455 shares in the last quarter.
Itau Unibanco Trading Up 0.6%
Shares of NYSE ITUB opened at $7.17 on Friday. 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 $77.25 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 1.06 and a beta of 0.84. Itau Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $7.45. The business has a fifty day moving average price of $6.94 and a 200 day moving average price of $6.49.
Itau Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. The firm 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 expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.
Itau Unibanco Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, September 8th. Investors of record on Wednesday, August 20th were paid a dividend of $0.0454 per share. This is an increase from Itau Unibanco's previous monthly dividend of $0.00. The ex-dividend date was Wednesday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. Itau Unibanco's dividend payout ratio (DPR) is currently 4.23%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on ITUB shares. UBS Group reissued a "neutral" rating on shares of Itau Unibanco in a research report on Thursday, July 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Itau Unibanco in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Itau Unibanco presently has a consensus rating of "Moderate Buy" and an average target price of $6.27.
View Our Latest Stock 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.
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