Strs Ohio Invests $4.96 Million in Itau Unibanco Holding S.A. $ITUB

Key Points

• Strs Ohio has acquired approximately $4.96 million worth of shares in Itau Unibanco, totaling 901,560 shares as recorded in their latest SEC filing.
• UBS Group maintains a "neutral" rating for Itau Unibanco stock, which has an average consensus rating of "Buy" and a price target of $6.27.
• Itau Unibanco recently increased its monthly dividend to $0.0454 per share, yielding approximately 7.8% annually, indicating a commitment to returning value to shareholders.

Strs Ohio acquired a new position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 901,560 shares of the bank's stock, valued at approximately $4,959,000.

A number of other large investors have also recently bought and sold shares of ITUB. Hamilton Capital LLC increased its holdings in shares of Itau Unibanco by 15.5% during the first 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. Goldman Sachs Group Inc. boosted its holdings in shares of Itau Unibanco by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank's stock worth $27,482,000 after acquiring an additional 1,107,607 shares during the period. USS Investment Management Ltd raised its position in Itau Unibanco by 10.0% during the first quarter. USS Investment Management Ltd now owns 2,778,562 shares of the bank's stock valued at $15,268,000 after purchasing an additional 252,596 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Itau Unibanco by 212.8% during the first quarter. AQR Capital Management LLC now owns 2,473,016 shares of the bank's stock worth $13,602,000 after buying an additional 1,682,354 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Itau Unibanco by 16.1% in the first quarter. Advisors Asset Management Inc. now owns 84,206 shares of the bank's stock worth $463,000 after purchasing an additional 11,670 shares during the last quarter.

Itau Unibanco Stock Performance

Shares of NYSE ITUB traded up $0.02 during trading on Tuesday, reaching $7.16. The stock had a trading volume of 35,581,510 shares, compared to its average volume of 26,460,996. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $7.23. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59. The firm's 50 day moving average price is $6.71 and its two-hundred day moving average price is $6.31. The stock has a market cap of $77.19 billion, a PE ratio of 10.15, a P/E/G ratio of 1.06 and a beta of 0.86.

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 (EPS) for the quarter, meeting the consensus estimate of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%.The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $44.75 billion. On average, research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.0454 per share. The ex-dividend date was Wednesday, August 20th. This is a positive change from Itau Unibanco's previous monthly dividend of $0.00. This represents a c) annualized dividend and a yield of 7.6%. Itau Unibanco's dividend payout ratio (DPR) is currently 4.23%.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a "neutral" rating on shares of Itau Unibanco in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Itau Unibanco currently has an average rating of "Buy" and an average target price 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.