Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 495.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,897,014 shares of the bank's stock after purchasing an additional 2,410,712 shares during the quarter. Jane Street Group LLC's holdings in Itaú Unibanco were worth $14,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ITUB. Metis Global Partners LLC grew its position in Itaú Unibanco by 7.4% in the 4th quarter. Metis Global Partners LLC now owns 27,876 shares of the bank's stock valued at $138,000 after buying an additional 1,925 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Itaú Unibanco by 13.4% in the fourth 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 in the last quarter. Fielder Capital Group LLC boosted its holdings in shares of Itaú Unibanco by 13.2% in the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank's stock valued at $85,000 after acquiring an additional 2,001 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Itaú Unibanco by 18.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 19,819 shares of the bank's stock valued at $98,000 after acquiring an additional 3,089 shares during the period. Finally, Spire Wealth Management raised its holdings in Itaú Unibanco by 8.2% during the fourth quarter. Spire Wealth Management now owns 44,738 shares of the bank's stock worth $222,000 after purchasing an additional 3,405 shares in the last quarter.

Itaú Unibanco Trading Down 1.0 %

Shares of NYSE ITUB opened at $6.14 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.37. The company has a market cap of $66.20 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 0.89 and a beta of 0.76. The business has a fifty day simple moving average of $5.57 and a 200-day simple moving average of $5.27.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.25% and a return on equity of 19.46%. Sell-side analysts predict that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 6th will be paid a $0.0024 dividend. This represents a yield of 0.46%. The ex-dividend date of this dividend is Monday, May 5th. Itaú Unibanco's dividend payout ratio is 2.82%.

Analysts Set New Price Targets

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

Itaú Unibanco Company 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.

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