XTX Topco Ltd Makes New Investment in Itaú Unibanco Holding S.A. (NYSE:ITUB)

XTX Topco Ltd acquired a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 181,016 shares of the bank's stock, valued at approximately $898,000.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC grew its holdings 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 buying an additional 27,559,997 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Itaú Unibanco by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank's stock worth $338,016,000 after purchasing an additional 2,604,304 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Itaú Unibanco by 9.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank's stock worth $238,173,000 after buying an additional 4,151,459 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Itaú Unibanco by 3.4% during the 4th 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 during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Itaú Unibanco by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 28,389,460 shares of the bank's stock valued at $140,812,000 after acquiring an additional 489,873 shares during the last quarter.

Itaú Unibanco Price Performance

Shares of Itaú Unibanco stock traded up $0.14 during trading hours on Tuesday, reaching $5.83. 7,651,363 shares of the company's stock were exchanged, compared to its average volume of 23,888,482. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The business has a fifty day moving average of $5.40 and a two-hundred day moving average of $5.24. Itaú Unibanco Holding S.A. has a 1 year low of $4.42 and a 1 year high of $6.30. The company has a market capitalization of $62.80 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65.

Itaú Unibanco (NYSE:ITUB - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 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%. As a group, research analysts predict that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itaú Unibanco Increases Dividend

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

Wall Street Analysts Forecast Growth

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