Itau Unibanco Holding S.A. $ITUB Shares Acquired by Matthews International Capital Management LLC

Matthews International Capital Management LLC grew its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 11.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,126,855 shares of the bank’s stock after buying an additional 113,130 shares during the period. Itau Unibanco makes up 1.8% of Matthews International Capital Management LLC’s holdings, making the stock its 19th biggest holding. Matthews International Capital Management LLC’s holdings in Itau Unibanco were worth $7,651,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ITUB. Farther Finance Advisors LLC raised its holdings in shares of Itau Unibanco by 3,590.6% in the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock worth $29,000 after buying an additional 4,201 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Itau Unibanco by 707.1% in the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock worth $43,000 after buying an additional 6,781 shares during the last quarter. Alta Capital Management LLC purchased a new position in shares of Itau Unibanco in the first quarter worth $62,000. Ieq Capital LLC purchased a new position in shares of Itau Unibanco in the first quarter worth $64,000. Finally, GAMMA Investing LLC raised its holdings in shares of Itau Unibanco by 114.8% in the second quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock worth $66,000 after buying an additional 5,167 shares during the last quarter.

Itau Unibanco Trading Up 0.6%

Shares of NYSE:ITUB opened at $7.17 on Friday. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $7.45. The stock has a market cap of $77.25 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.06 and a beta of 0.84. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. The business has a 50-day moving average price of $6.94 and a 200-day moving average price of $6.49.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $44.75 billion. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. Equities analysts predict that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 8th. Investors of record on Wednesday, August 20th were given a dividend of $0.0454 per share. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date was Wednesday, August 20th. Itau Unibanco’s dividend payout ratio (DPR) is 4.23%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ITUB shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Itau Unibanco in a report on Saturday, September 27th. UBS Group restated a “neutral” rating on shares of Itau Unibanco in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Itau Unibanco presently has a consensus rating of “Moderate Buy” and an average price target of $6.27.

Itau Unibanco Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.