Itau Unibanco Holding S.A. $ITUB Shares Purchased by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC grew its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 44.7% during the second quarter, Holdings Channel.com reports. The firm owned 656,761 shares of the bank’s stock after acquiring an additional 202,745 shares during the period. Itau Unibanco accounts for about 7.7% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 5th largest position. Oaktree Fund Advisors LLC’s holdings in Itau Unibanco were worth $4,459,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. raised its holdings in shares of Itau Unibanco by 21.6% in the first quarter. Avantax Advisory Services Inc. now owns 13,890 shares of the bank’s stock valued at $76,000 after buying an additional 2,468 shares during the last quarter. US Bancorp DE increased its position in Itau Unibanco by 11.7% in the 1st quarter. US Bancorp DE now owns 270,433 shares of the bank’s stock valued at $1,487,000 after acquiring an additional 28,280 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Itau Unibanco by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 140,362 shares of the bank’s stock worth $772,000 after acquiring an additional 10,653 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Itau Unibanco by 6.7% during the first quarter. Vanguard Group Inc. now owns 24,592,740 shares of the bank’s stock worth $135,260,000 after purchasing an additional 1,549,003 shares in the last quarter. Finally, Altfest L J & Co. Inc. grew its stake in shares of Itau Unibanco by 67.9% during the first quarter. Altfest L J & Co. Inc. now owns 18,534 shares of the bank’s stock valued at $102,000 after purchasing an additional 7,494 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. lifted their target price on Itau Unibanco from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.09.

Itau Unibanco Stock Up 1.8%

Shares of Itau Unibanco stock opened at $8.07 on Friday. The business has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $6.95. The stock has a market cap of $86.95 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.16 and a beta of 0.67. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.33. Itau Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $8.13.

Itau Unibanco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Thursday, December 11th will be given a dividend of $0.3502 per share. This represents a c) annualized dividend and a dividend yield of 52.1%. The ex-dividend date is Thursday, December 11th. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. Itau Unibanco’s dividend payout ratio is presently 4.17%.

About Itau Unibanco

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.