State of New Jersey Common Pension Fund D Buys 206,831 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

State of New Jersey Common Pension Fund D boosted its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,435,144 shares of the bank’s stock after buying an additional 206,831 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Itaú Unibanco were worth $30,824,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its stake in Itaú Unibanco by 4.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 40,389 shares of the bank’s stock worth $281,000 after acquiring an additional 1,584 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of Itaú Unibanco by 18.6% in the third quarter. PDS Planning Inc now owns 12,652 shares of the bank’s stock valued at $68,000 after buying an additional 1,984 shares during the period. Schechter Investment Advisors LLC grew its stake in shares of Itaú Unibanco by 13.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 17,654 shares of the bank’s stock worth $123,000 after acquiring an additional 2,152 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Itaú Unibanco by 54.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock valued at $56,000 after purchasing an additional 2,838 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Itaú Unibanco by 227.8% in the third quarter. Lindbrook Capital LLC now owns 5,133 shares of the bank’s stock worth $28,000 after purchasing an additional 3,567 shares in the last quarter.

Wall Street Analysts Forecast Growth

ITUB has been the topic of several recent research reports. HSBC lowered shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Bank of America raised Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Tuesday, January 16th.

Itaú Unibanco Trading Up 3.1 %

ITUB stock traded up $0.19 during trading hours on Friday, hitting $6.30. 19,159,097 shares of the stock were exchanged, compared to its average volume of 17,250,486. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 2.25. The company has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $6.45. Itaú Unibanco Holding S.A. has a 12 month low of $4.85 and a 12 month high of $7.27.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Monday, February 5th. The bank reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $8.05 billion. Itaú Unibanco had a net margin of 10.48% and a return on equity of 17.76%. On average, sell-side analysts expect that Itaú Unibanco Holding S.A. will post 0.82 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 3rd will be given a $0.003 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 2nd. Itaú Unibanco’s payout ratio is presently 5.88%.

Itaú Unibanco Company 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.