Canada Pension Plan Investment Board purchased a new position in shares of Itau Unibanco Holding SA (NYSE:ITUB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 952,000 shares of the bank’s stock, valued at approximately $9,882,000.

A number of other hedge funds have also recently modified their holdings of ITUB. Mawer Investment Management Ltd. bought a new stake in shares of Itau Unibanco in the 1st quarter valued at about $175,000. Matarin Capital Management LLC bought a new stake in shares of Itau Unibanco in the 1st quarter valued at about $190,000. Signaturefd LLC bought a new stake in shares of Itau Unibanco in the 1st quarter valued at about $201,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Itau Unibanco in the 1st quarter valued at about $219,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Itau Unibanco in the 1st quarter valued at about $259,000. 5.44% of the stock is owned by hedge funds and other institutional investors.

ITUB stock opened at $10.35 on Wednesday. Itau Unibanco Holding SA has a fifty-two week low of $9.92 and a fifty-two week high of $16.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.67. The company has a market cap of $66.30 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.95 and a beta of 1.78.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Tuesday, July 31st. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Itau Unibanco had a return on equity of 16.67% and a net margin of 17.21%. The firm had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $8.05 billion. analysts expect that Itau Unibanco Holding SA will post 1.07 EPS for the current year.

The business also recently declared a special dividend, which will be paid on Thursday, October 11th. Stockholders of record on Wednesday, September 5th will be given a $0.0039 dividend. The ex-dividend date is Tuesday, September 4th. This represents a dividend yield of 0.42%. Itau Unibanco’s dividend payout ratio is currently 29.82%.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Itau Unibanco from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Zacks Investment Research downgraded Itau Unibanco from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 19th. Finally, Citigroup upgraded Itau Unibanco from a “neutral” rating to a “buy” rating in a report on Tuesday, June 5th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.50.

Itau Unibanco Profile

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

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