Itau Unibanco Holding S.A. $ITUB Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC raised its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,162,981 shares of the bank’s stock after buying an additional 311,472 shares during the period. Todd Asset Management LLC owned about 0.06% of Itau Unibanco worth $45,236,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ITUB. Royal Bank of Canada raised its position in Itau Unibanco by 11.7% during the first quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock valued at $2,450,000 after acquiring an additional 46,608 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Itau Unibanco by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock worth $27,482,000 after buying an additional 1,107,607 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Itau Unibanco by 4.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 63,599 shares of the bank’s stock valued at $432,000 after buying an additional 2,778 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Itau Unibanco by 15.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 29,598 shares of the bank’s stock valued at $201,000 after buying an additional 4,036 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Itau Unibanco by 9.3% in the second quarter. Yousif Capital Management LLC now owns 63,744 shares of the bank’s stock worth $433,000 after acquiring an additional 5,435 shares during the period.

Itau Unibanco Stock Performance

Shares of Itau Unibanco stock opened at $9.16 on Monday. The business’s 50 day moving average price is $7.78 and its 200 day moving average price is $7.25. The company has a market cap of $101.40 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.01 and a beta of 0.62. 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 one year low of $4.73 and a one year high of $9.60.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.98 billion. Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%. On average, 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 monthly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, December 2nd will be paid a $0.0032 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a c) annualized dividend and a dividend yield of 0.4%. Itau Unibanco’s dividend payout ratio is 4.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Zacks Research raised Itau Unibanco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price target on shares of Itau Unibanco from $6.80 to $7.77 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Itau Unibanco currently has an average rating of “Buy” and an average price target of $7.77.

Itau Unibanco Company 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.