XTX Topco Ltd Invests $1.43 Million in Itaú Unibanco Holding S.A. (NYSE:ITUB)

XTX Topco Ltd acquired a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 245,242 shares of the bank’s stock, valued at approximately $1,432,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Jump Financial LLC purchased a new position in Itaú Unibanco during the fourth quarter worth $85,000. Vanguard Personalized Indexing Management LLC increased its position in Itaú Unibanco by 22.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 44,845 shares of the bank’s stock worth $312,000 after purchasing an additional 8,200 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Itaú Unibanco by 19.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 129,211 shares of the bank’s stock valued at $898,000 after purchasing an additional 21,067 shares in the last quarter. US Bancorp DE lifted its holdings in Itaú Unibanco by 106.7% in the 4th quarter. US Bancorp DE now owns 214,070 shares of the bank’s stock valued at $1,488,000 after purchasing an additional 110,493 shares in the last quarter. Finally, Congress Wealth Management LLC DE acquired a new stake in shares of Itaú Unibanco during the 4th quarter worth about $507,000.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ITUB shares. Morgan Stanley raised shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. UBS Group lowered Itaú Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.05.

Itaú Unibanco Trading Down 3.3 %

Shares of ITUB stock opened at $6.50 on Friday. The firm’s 50-day simple moving average is $6.42 and its 200-day simple moving average is $6.35. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.07 and a quick ratio of 1.07. Itaú Unibanco Holding S.A. has a 1-year low of $5.12 and a 1-year high of $7.27. The firm has a market cap of $63.71 billion, a P/E ratio of 8.78, a PEG ratio of 0.85 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Tuesday, August 6th. The bank reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $16.54 billion for the quarter, compared to the consensus estimate of $7.72 billion. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, equities analysts forecast that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current year.

Itaú Unibanco Cuts Dividend

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