Itaú Unibanco Holding S.A. (NYSE:ITUB) Stock Holdings Raised by Northern Trust Corp

Northern Trust Corp increased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,225,323 shares of the bank's stock after acquiring an additional 181,025 shares during the quarter. Northern Trust Corp's holdings in Itaú Unibanco were worth $20,958,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Itaú Unibanco by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock valued at $338,016,000 after purchasing an additional 2,604,304 shares during the last quarter. Constellation Investimentos e Participacoes Ltda boosted its holdings in shares of Itaú Unibanco by 96.8% in the 4th quarter. Constellation Investimentos e Participacoes Ltda now owns 2,540,200 shares of the bank's stock valued at $12,599,000 after purchasing an additional 1,249,200 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Itaú Unibanco by 1.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 487,867 shares of the bank's stock valued at $2,420,000 after purchasing an additional 4,636 shares during the last quarter. Perpetual Ltd boosted its holdings in shares of Itaú Unibanco by 0.4% in the 4th quarter. Perpetual Ltd now owns 13,681,494 shares of the bank's stock valued at $67,860,000 after purchasing an additional 51,688 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Itaú Unibanco by 12.4% during the 4th quarter. Blue Trust Inc. now owns 52,900 shares of the bank's stock valued at $262,000 after acquiring an additional 5,845 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $6.27.

Itaú Unibanco Stock Up 0.2%

Itaú Unibanco stock traded up $0.01 during midday trading on Thursday, hitting $6.65. 57,456,081 shares of the stock were exchanged, compared to its average volume of 24,673,168. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.70. The firm has a market cap of $71.69 billion, a P/E ratio of 8.53, a P/E/G ratio of 0.89 and a beta of 0.76. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The company has a 50 day moving average price of $5.76 and a two-hundred day moving average price of $5.31.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $43.07 billion. On average, sell-side analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

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

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.