Hsbc Holdings PLC Has $12.94 Million Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Hsbc Holdings PLC increased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,219,210 shares of the bank’s stock after purchasing an additional 186,594 shares during the quarter. Hsbc Holdings PLC’s holdings in Itaú Unibanco were worth $12,941,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC boosted its stake in shares of Itaú Unibanco by 191.9% during the 1st quarter. William Blair Investment Management LLC now owns 33,040,433 shares of the bank’s stock valued at $228,968,000 after buying an additional 21,720,091 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Itaú Unibanco by 43.7% during the fourth quarter. Fisher Asset Management LLC now owns 52,322,490 shares of the bank’s stock worth $363,641,000 after acquiring an additional 15,908,536 shares in the last quarter. Carmignac Gestion acquired a new stake in Itaú Unibanco during the fourth quarter valued at $92,644,000. Capital Research Global Investors grew its stake in Itaú Unibanco by 460.6% in the first quarter. Capital Research Global Investors now owns 15,262,082 shares of the bank’s stock valued at $105,766,000 after purchasing an additional 12,539,737 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Itaú Unibanco in the 4th quarter worth about $23,769,000.

Analyst Ratings Changes

ITUB has been the subject of several research reports. UBS Group lowered 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 report on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Itaú Unibanco has a consensus rating of “Hold” and an average target price of $7.05.

Itaú Unibanco Stock Down 3.1 %

Shares of Itaú Unibanco stock opened at $6.51 on Monday. Itaú Unibanco Holding S.A. has a 12-month low of $5.12 and a 12-month high of $7.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.34. The stock has a 50 day moving average price of $6.42 and a two-hundred day moving average price of $6.34. The stock has a market capitalization 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 posted its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $16.54 billion during 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 period in the prior year, the firm earned $0.18 EPS. Equities analysts expect that Itaú Unibanco Holding S.A. will post 0.78 earnings per share for the current 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 paid a $0.0031 dividend. The ex-dividend date is Wednesday, October 2nd. Itaú Unibanco’s payout ratio is presently 48.65%.

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.