Russell Investments Group Ltd. grew its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 47.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,651,216 shares of the bank's stock after buying an additional 2,136,039 shares during the period. Russell Investments Group Ltd. owned 0.06% of Itau Unibanco worth $36,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Itau Unibanco by 29.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,562 shares of the bank's stock valued at $141,000 after purchasing an additional 5,743 shares during the last quarter. TT International Asset Management LTD purchased a new stake in shares of Itau Unibanco in the first quarter worth about $17,826,000. INCA Investments LLC boosted its stake in Itau Unibanco by 10.0% during the first quarter. INCA Investments LLC now owns 1,247,501 shares of the bank's stock valued at $6,861,000 after buying an additional 113,409 shares during the last quarter. Banco Santander S.A. grew its holdings in Itau Unibanco by 222.8% during the 1st quarter. Banco Santander S.A. now owns 155,795 shares of the bank's stock valued at $857,000 after buying an additional 107,527 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Itau Unibanco by 57.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 64,009 shares of the bank's stock valued at $352,000 after buying an additional 23,402 shares in the last quarter.
Analyst Ratings Changes
Separately, UBS Group reaffirmed a "neutral" rating on shares of Itau Unibanco in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Itau Unibanco has an average rating of "Buy" and a consensus target price of $6.27.
View Our Latest Analysis on ITUB
Itau Unibanco Stock Down 3.7%
Shares of NYSE:ITUB traded down $0.2550 during trading hours on Tuesday, hitting $6.7150. The company's stock had a trading volume of 17,704,403 shares, compared to its average volume of 28,544,482. The firm's fifty day moving average price is $6.61 and its 200 day moving average price is $6.08. Itau Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $7.13. The company has a market capitalization of $72.39 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 1.06 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.
Itau Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. As a group, research analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.
Itau Unibanco Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 3rd were given a dividend of $0.0024 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a yield of 43.0%. Itau Unibanco's dividend payout ratio (DPR) is presently 4.23%.
Itau Unibanco Company 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.
Further Reading
Before you consider Itau Unibanco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Itau Unibanco wasn't on the list.
While Itau Unibanco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
