Itau Unibanco Holding S.A. $ITUB is Seafarer Capital Partners LLC’s 2nd Largest Position

Seafarer Capital Partners LLC boosted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,909,142 shares of the bank’s stock after purchasing an additional 317,742 shares during the period. Itau Unibanco comprises approximately 20.3% of Seafarer Capital Partners LLC’s portfolio, making the stock its 2nd biggest holding. Seafarer Capital Partners LLC’s holdings in Itau Unibanco were worth $78,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MAI Capital Management purchased a new stake in Itau Unibanco in the second quarter worth $41,000. EverSource Wealth Advisors LLC lifted its position in shares of Itau Unibanco by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after buying an additional 5,355 shares during the last quarter. Community Bank N.A. bought a new position in shares of Itau Unibanco during the 3rd quarter worth $57,000. First Horizon Corp bought a new position in shares of Itau Unibanco during the 3rd quarter worth $60,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Itau Unibanco by 486.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock worth $66,000 after acquiring an additional 7,436 shares during the last quarter.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $8.15 on Tuesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.58 and a current ratio of 1.79. Itau Unibanco Holding S.A. has a 52-week low of $4.97 and a 52-week high of $9.60. The firm has a market cap of $90.22 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.86 and a beta of 0.63. The business’s fifty day moving average is $8.54 and its 200 day moving average is $7.62.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.98 billion. Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%. Research analysts predict that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, March 23rd will be issued a $0.068 dividend. The ex-dividend date of this dividend is Monday, March 23rd. Itau Unibanco’s dividend payout ratio is presently 4.29%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Zacks Research downgraded shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Itau Unibanco Profile

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.