Investidor Profissional Gestao de Recursos Ltda. Has $2.25 Million Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Investidor Profissional Gestao de Recursos Ltda. lifted its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,007 shares of the bank’s stock after acquiring an additional 55,085 shares during the quarter. Itaú Unibanco makes up 1.0% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 13th biggest holding. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Itaú Unibanco were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ITUB. William Blair Investment Management LLC raised its position in Itaú Unibanco by 191.9% during the first quarter. William Blair Investment Management LLC now owns 33,040,433 shares of the bank’s stock valued at $228,968,000 after acquiring an additional 21,720,091 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Itaú Unibanco by 43.7% in the 4th quarter. Fisher Asset Management LLC now owns 52,322,490 shares of the bank’s stock valued at $363,641,000 after purchasing an additional 15,908,536 shares during the last quarter. Carmignac Gestion bought a new stake in Itaú Unibanco in the fourth quarter worth $92,644,000. Capital Research Global Investors increased its position in Itaú Unibanco by 460.6% during the first quarter. Capital Research Global Investors now owns 15,262,082 shares of the bank’s stock worth $105,766,000 after buying an additional 12,539,737 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Itaú Unibanco during the fourth quarter valued at about $23,769,000.

Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group downgraded Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. Morgan Stanley upgraded shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Itaú Unibanco presently has an average rating of “Hold” and a consensus target price of $7.05.

Itaú Unibanco Price Performance

Shares of NYSE:ITUB opened at $6.50 on Friday. The company has a market cap of $63.71 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.85 and a beta of 0.97. The business has a 50 day moving average price of $6.42 and a 200 day moving average price of $6.35. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.34. Itaú Unibanco Holding S.A. has a twelve month low of $5.12 and a twelve month high of $7.27.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Itaú Unibanco had a return on equity of 19.14% and a net margin of 11.39%. The company had revenue of $16.54 billion during the quarter, compared to analysts’ expectations of $7.72 billion. During the same period in the prior year, the business earned $0.18 earnings per share. Research analysts predict that Itaú Unibanco Holding S.A. will post 0.78 earnings per share for the current year.

Itaú Unibanco Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 2nd will be given a $0.0031 dividend. The ex-dividend date is Wednesday, October 2nd. Itaú Unibanco’s dividend payout ratio is 48.65%.

Itaú Unibanco 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.