Natixis increased its holdings in Itau Unibanco Holding SA (NYSE:ITUB) by 1,546.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,235,821 shares of the bank’s stock after purchasing an additional 1,160,746 shares during the quarter. Natixis’ holdings in Itau Unibanco were worth $19,268,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in Itau Unibanco by 8.5% in the 4th quarter. D.A. Davidson & CO. now owns 50,540 shares of the bank’s stock valued at $657,000 after buying an additional 3,955 shares during the last quarter. Comerica Bank boosted its holdings in Itau Unibanco by 2.0% in the 1st quarter. Comerica Bank now owns 230,932 shares of the bank’s stock worth $3,490,000 after buying an additional 4,602 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Itau Unibanco by 15.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 39,270 shares of the bank’s stock worth $612,000 after buying an additional 5,298 shares during the period. ETRADE Capital Management LLC boosted its holdings in Itau Unibanco by 21.2% in the 4th quarter. ETRADE Capital Management LLC now owns 37,637 shares of the bank’s stock worth $489,000 after buying an additional 6,588 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Itau Unibanco by 34.5% in the 1st quarter. Blair William & Co. IL now owns 27,471 shares of the bank’s stock worth $429,000 after buying an additional 7,040 shares during the period. 5.11% of the stock is currently owned by institutional investors and hedge funds.
NYSE:ITUB opened at $10.38 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market cap of $67.08 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. Itau Unibanco Holding SA has a one year low of $9.92 and a one year high of $16.98.
Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Monday, April 30th. The bank reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Itau Unibanco had a net margin of 19.21% and a return on equity of 17.07%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.37 billion. research analysts anticipate that Itau Unibanco Holding SA will post 1.15 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Monday, August 13th. Shareholders of record on Tuesday, July 3rd will be given a $0.0041 dividend. The ex-dividend date of this dividend is Monday, July 2nd. This represents a dividend yield of 0.49%. Itau Unibanco’s payout ratio is currently 1.75%.
Several brokerages have commented on ITUB. Citigroup raised shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a report on Tuesday, June 5th. Scotiabank downgraded shares of Itau Unibanco from a “sector perform” rating to an “underperform” rating in a report on Wednesday, March 14th. Credit Suisse Group upgraded shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. ValuEngine cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Thursday, June 7th. Finally, Zacks Investment Research cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Wednesday, May 30th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Itau Unibanco has a consensus rating of “Hold” and a consensus target price of $15.17.
Itau Unibanco Profile
Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.
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