Itau Unibanco Holding S.A. $ITUB Holdings Boosted by Dodge & Cox

Dodge & Cox raised its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,622,215 shares of the bank’s stock after purchasing an additional 946,400 shares during the quarter. Dodge & Cox’s holdings in Itau Unibanco were worth $136,687,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ITUB. MAI Capital Management acquired a new stake in shares of Itau Unibanco in the second quarter worth $41,000. EverSource Wealth Advisors LLC raised its position in Itau Unibanco by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after buying an additional 5,355 shares during the period. First Horizon Corp acquired a new position in Itau Unibanco during the third quarter valued at $60,000. Park Avenue Securities LLC lifted its stake in Itau Unibanco by 17.5% in the 3rd quarter. Park Avenue Securities LLC now owns 12,022 shares of the bank’s stock worth $88,000 after acquiring an additional 1,790 shares in the last quarter. Finally, Mondrian Investment Partners LTD purchased a new stake in Itau Unibanco in the 3rd quarter worth about $90,000.

Analysts Set New Price Targets

Several research firms have weighed in on ITUB. Zacks Research raised Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Itau Unibanco has a consensus rating of “Buy” and an average target price of $9.00.

Itau Unibanco Stock Down 1.5%

ITUB opened at $7.98 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.58. The company has a market capitalization of $88.33 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.89 and a beta of 0.63. The business has a 50-day moving average of $8.46 and a 200-day moving average of $7.55. Itau Unibanco Holding S.A. has a fifty-two week low of $4.97 and a fifty-two week high of $9.60.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%.The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.98 billion. Equities research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be issued a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s payout ratio is 4.29%.

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.