Clearbridge Investments LLC lifted its stake in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 978,466 shares of the bank’s stock after purchasing an additional 17,261 shares during the period. Clearbridge Investments LLC’s holdings in Itau Unibanco were worth $4,393,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Cornerstone Advisors Inc. increased its stake in shares of Itau Unibanco by 14.2% during the 1st quarter. Cornerstone Advisors Inc. now owns 19,903 shares of the bank’s stock worth $89,000 after purchasing an additional 2,482 shares during the last quarter. Baldwin Brothers Inc. MA boosted its holdings in Itau Unibanco by 21.0% in the 1st quarter. Baldwin Brothers Inc. MA now owns 15,510 shares of the bank’s stock worth $70,000 after buying an additional 2,695 shares during the period. Ninety One SA PTY Ltd boosted its holdings in Itau Unibanco by 2.7% in the 1st quarter. Ninety One SA PTY Ltd now owns 106,413 shares of the bank’s stock worth $484,000 after buying an additional 2,831 shares during the period. Advisors Asset Management Inc. boosted its holdings in Itau Unibanco by 20.7% in the 4th quarter. Advisors Asset Management Inc. now owns 17,095 shares of the bank’s stock worth $156,000 after buying an additional 2,926 shares during the period. Finally, OLD National Bancorp IN boosted its holdings in Itau Unibanco by 15.0% in the 1st quarter. OLD National Bancorp IN now owns 28,038 shares of the bank’s stock worth $126,000 after buying an additional 3,667 shares during the period. Institutional investors own 4.42% of the company’s stock.

Shares of NYSE:ITUB opened at $4.86 on Tuesday. The firm has a fifty day moving average price of $4.65 and a two-hundred day moving average price of $6.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.71 and a quick ratio of 1.71. Itau Unibanco Holding SA has a one year low of $3.48 and a one year high of $10.01. The company has a market cap of $45.70 billion, a price-to-earnings ratio of 8.10 and a beta of 0.88.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Monday, May 4th. The bank reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). Itau Unibanco had a return on equity of 17.17% and a net margin of 12.51%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $7.05 billion. Equities research analysts expect that Itau Unibanco Holding SA will post 0.4 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.0029 per share. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, July 1st. Itau Unibanco’s payout ratio is currently 4.23%.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Itau Unibanco from $9.50 to $6.00 and set a “neutral” rating for the company in a report on Friday, March 27th. UBS Group raised shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a report on Wednesday, April 1st. Zacks Investment Research downgraded shares of Itau Unibanco from a “hold” rating to a “sell” rating and set a $5.50 price target for the company. in a report on Monday, June 15th. ValuEngine raised shares of Itau Unibanco from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 6th. Finally, Goldman Sachs Group downgraded shares of Itau Unibanco from a “buy” rating to a “neutral” rating in a report on Monday, June 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Itau Unibanco has an average rating of “Hold” and an average target price of $7.75.

Itau Unibanco Profile

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.

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

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