Caprock Group LLC Purchases New Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Caprock Group LLC acquired a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,276 shares of the bank’s stock, valued at approximately $295,000.

Several other institutional investors also recently modified their holdings of ITUB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Itaú Unibanco in the third quarter worth $1,215,000. State Street Corp raised its position in Itaú Unibanco by 7.4% in the third quarter. State Street Corp now owns 12,522,486 shares of the bank’s stock worth $83,899,000 after purchasing an additional 861,500 shares in the last quarter. JPMorgan Chase & Co. raised its position in Itaú Unibanco by 5.4% in 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 in the last quarter. HighTower Advisors LLC boosted its holdings in Itaú Unibanco by 23.2% during the third quarter. HighTower Advisors LLC now owns 25,586 shares of the bank’s stock valued at $169,000 after purchasing an additional 4,823 shares in the last quarter. Finally, Perpetual Ltd grew its stake in shares of Itaú Unibanco by 9.0% in the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank’s stock valued at $90,638,000 after purchasing an additional 1,126,695 shares during the period.

Itaú Unibanco Stock Up 0.2 %

Shares of NYSE:ITUB opened at $5.94 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. The firm has a market cap of $58.25 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.65 and a beta of 0.94. Itaú Unibanco Holding S.A. has a 12 month low of $4.86 and a 12 month high of $7.27. The company’s 50-day moving average price is $5.30 and its two-hundred day moving average price is $5.97.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.33% and a return on equity of 19.72%. As a group, research analysts forecast that Itaú Unibanco Holding S.A. will post 0.76 EPS for the current fiscal year.

Itaú Unibanco Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.0029 per share. The ex-dividend date is Tuesday, March 4th. Itaú Unibanco’s payout ratio is 3.85%.

Wall Street Analyst Weigh In

ITUB has been the topic of several recent analyst reports. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price on the stock in a report on Monday, January 13th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Itaú Unibanco has an average rating of “Buy” and a consensus price target of $6.90.

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.