Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC raised its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 5,310.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 783,968 shares of the bank's stock after acquiring an additional 769,479 shares during the period. Walleye Capital LLC's holdings in Itaú Unibanco were worth $3,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ITUB. FMR LLC boosted its stake in shares of Itaú Unibanco by 117.4% during the fourth quarter. FMR LLC now owns 51,044,340 shares of the bank's stock valued at $253,180,000 after purchasing an additional 27,559,997 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 worth $338,016,000 after buying an additional 2,604,304 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Itaú Unibanco by 9.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock worth $238,173,000 after acquiring an additional 4,151,459 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Itaú Unibanco by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank's stock valued at $196,705,000 after acquiring an additional 1,286,014 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Itaú Unibanco by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after purchasing an additional 489,873 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a report on Monday, January 13th. HSBC raised Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.18 price target for the company in a report 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Itaú Unibanco has a consensus rating of "Buy" and a consensus target price of $6.27.

Itaú Unibanco Stock Up 2.4 %

Shares of NYSE ITUB traded up $0.14 during midday trading on Tuesday, hitting $5.83. 7,651,363 shares of the company's stock were exchanged, compared to its average volume of 23,888,482. The firm's fifty day simple moving average is $5.40 and its 200-day simple moving average is $5.24. The company has a market cap of $62.80 billion, a PE ratio of 7.48, a P/E/G ratio of 0.89 and a beta of 0.65. Itaú Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $6.30. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75.

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

Itaú Unibanco Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.0527 per share. This is a positive change from Itaú Unibanco's previous dividend of $0.00. The ex-dividend date of this dividend was Wednesday, February 19th. Itaú Unibanco's payout ratio is 2.82%.

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.