10,246 Shares in Itau Unibanco Holding SA (ITUB) Acquired by Point View Wealth Management Inc.
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.
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
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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