Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by GMT Capital Corp

GMT Capital Corp boosted its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,669,500 shares of the bank's stock after buying an additional 978,400 shares during the period. Itaú Unibanco accounts for approximately 1.4% of GMT Capital Corp's holdings, making the stock its 20th largest holding. GMT Capital Corp owned approximately 0.06% of Itaú Unibanco worth $28,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bessemer Group Inc. acquired a new position in shares of Itaú Unibanco in the 4th quarter valued at about $35,000. Mount Yale Investment Advisors LLC purchased a new position in Itaú Unibanco in the fourth quarter valued at approximately $57,000. Signaturefd LLC lifted its position in Itaú Unibanco by 4,000.3% during the fourth quarter. Signaturefd LLC now owns 12,260 shares of the bank's stock valued at $61,000 after buying an additional 11,961 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in Itaú Unibanco during the fourth quarter worth approximately $67,000. Finally, Peapack Gladstone Financial Corp raised its stake in shares of Itaú Unibanco by 13.4% in the 4th quarter. Peapack Gladstone Financial Corp now owns 16,935 shares of the bank's stock valued at $84,000 after acquiring an additional 2,000 shares during the period.

Itaú Unibanco Stock Up 0.6 %

NYSE ITUB traded up $0.04 during trading hours on Monday, reaching $6.18. 9,983,485 shares of the company traded hands, compared to its average volume of 24,033,471. The company has a 50 day moving average of $5.44 and a two-hundred day moving average of $5.25. The stock has a market capitalization of $66.57 billion, a PE ratio of 7.92, a PEG ratio of 0.89 and a beta of 0.65. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.30. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. As a group, equities analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were given a dividend of $0.0527 per share. The ex-dividend date was Wednesday, February 19th. This is an increase from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's dividend payout ratio is currently 2.82%.

Analyst Ratings Changes

Several research firms have commented on ITUB. Hsbc Global Res raised Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price objective on the stock in a research note on Monday, January 13th. Finally, UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Itaú Unibanco has an average rating of "Buy" and a consensus target price of $6.27.

About Itaú Unibanco

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.