Y Intercept Hong Kong Ltd Invests $385,000 in Itau Unibanco Holding S.A. $ITUB

Y Intercept Hong Kong Ltd bought a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,670 shares of the bank’s stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Itau Unibanco by 3,590.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock worth $29,000 after purchasing an additional 4,201 shares during the period. GAMMA Investing LLC grew 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 purchasing an additional 5,167 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Itau Unibanco by 31.7% in the second quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after buying an additional 2,455 shares during the period. Park Avenue Securities LLC purchased a new position in shares of Itau Unibanco in the second quarter worth $69,000. Finally, Ieq Capital LLC bought a new stake in Itau Unibanco during the 1st quarter valued at $64,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Itau Unibanco in a report on Wednesday, October 8th. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.18.

Itau Unibanco Stock Up 1.0%

Shares of NYSE ITUB opened at $7.57 on Friday. The firm has a fifty day simple moving average of $7.15 and a two-hundred day simple moving average of $6.77. Itau Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $7.66. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $81.56 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85.

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

Itau 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.