Point View Wealth Management Inc. bought a new position in Itau Unibanco Holding SA (NYSE:ITUB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,246 shares of the bank’s stock, valued at approximately $106,000.

A number of other hedge funds also recently modified their holdings of ITUB. Thomas White International Ltd. boosted its stake in shares of Itau Unibanco by 1.5% during the 1st quarter. Thomas White International Ltd. now owns 773,972 shares of the bank’s stock worth $12,074,000 after acquiring an additional 11,680 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of Itau Unibanco by 28.6% during the 1st quarter. Natixis Advisors L.P. now owns 81,568 shares of the bank’s stock worth $1,272,000 after acquiring an additional 18,148 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of Itau Unibanco during the 1st quarter worth $190,000. OppenheimerFunds Inc. boosted its stake in shares of Itau Unibanco by 261.9% during the 1st quarter. OppenheimerFunds Inc. now owns 19,881,247 shares of the bank’s stock worth $310,147,000 after acquiring an additional 14,387,740 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Itau Unibanco by 8.9% during the 1st quarter. Sei Investments Co. now owns 2,684,885 shares of the bank’s stock worth $41,884,000 after acquiring an additional 219,361 shares during the last quarter. Institutional investors own 5.15% of the company’s stock.

Shares of ITUB stock opened at $11.00 on Monday. The firm has a market cap of $73.33 billion, a PE ratio of 9.65, a PEG ratio of 0.88 and a beta of 1.78. Itau Unibanco Holding SA has a one year low of $9.92 and a one year high of $16.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.35 and a current ratio of 1.35.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, July 31st. The bank reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.02). Itau Unibanco had a net margin of 17.21% and a return on equity of 16.67%. equities analysts forecast that Itau Unibanco Holding SA will post 1.09 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Thursday, October 11th. Stockholders of record on Wednesday, September 5th will be given a dividend of $0.0039 per share. The ex-dividend date is Tuesday, September 4th. This represents a dividend yield of 0.42%. Itau Unibanco’s payout ratio is 4.39%.

ITUB has been the topic of several analyst reports. ValuEngine cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Citigroup upgraded shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 5th. Finally, Zacks Investment Research downgraded shares of Itau Unibanco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Itau Unibanco currently has an average rating of “Hold” and a consensus target price of $16.50.

About Itau Unibanco

Ita├║ 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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itau Unibanco Holding SA (NYSE:ITUB).

Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

Receive News & Ratings for Itau Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.