Itau Unibanco Holding S.A. Has $134.61 Million Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Itau Unibanco Holding S.A. grew its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,818,027 shares of the bank’s stock after acquiring an additional 529,600 shares during the quarter. Itaú Unibanco accounts for 5.7% of Itau Unibanco Holding S.A.’s portfolio, making the stock its 3rd biggest holding. Itau Unibanco Holding S.A. owned approximately 0.24% of Itaú Unibanco worth $134,606,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ITUB. Profund Advisors LLC raised its holdings in Itaú Unibanco by 3.9% during the 2nd quarter. Profund Advisors LLC now owns 192,412 shares of the bank’s stock valued at $1,124,000 after buying an additional 7,284 shares during the period. Investidor Profissional Gestao de Recursos Ltda. grew its position in Itaú Unibanco by 16.6% in the 2nd quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 386,007 shares of the bank’s stock valued at $2,254,000 after acquiring an additional 55,085 shares during the last quarter. XTX Topco Ltd purchased a new stake in Itaú Unibanco in the second quarter worth $1,432,000. First Eagle Investment Management LLC lifted its position in shares of Itaú Unibanco by 7.9% during the second quarter. First Eagle Investment Management LLC now owns 1,509,424 shares of the bank’s stock worth $8,815,000 after purchasing an additional 110,442 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Itaú Unibanco by 9.2% during the second quarter. Hsbc Holdings PLC now owns 2,219,210 shares of the bank’s stock valued at $12,941,000 after purchasing an additional 186,594 shares during the period.

Itaú Unibanco Price Performance

Shares of ITUB stock opened at $6.51 on Friday. The stock’s 50-day moving average is $6.42 and its 200 day moving average is $6.35. Itaú Unibanco Holding S.A. has a 1-year low of $5.12 and a 1-year high of $7.27. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $63.80 billion, a P/E ratio of 8.80, a PEG ratio of 0.85 and a beta of 0.97.

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

Itaú Unibanco Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ITUB. UBS Group lowered shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd. Morgan Stanley upgraded Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a report on Monday, June 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.05.

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.