Hantz Financial Services Inc. Buys 24,273 Shares of Itau Unibanco Holding S.A. $ITUB

Hantz Financial Services Inc. lifted its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 1,582.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,807 shares of the bank’s stock after acquiring an additional 24,273 shares during the period. Hantz Financial Services Inc.’s holdings in Itau Unibanco were worth $175,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Itau Unibanco during the 2nd quarter worth $385,000. Freedom Investment Management Inc. bought a new stake in Itau Unibanco in the second quarter worth $644,000. Ethic Inc. lifted its stake in Itau Unibanco by 4.0% in the second quarter. Ethic Inc. now owns 139,481 shares of the bank’s stock worth $923,000 after purchasing an additional 5,403 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Itau Unibanco by 14.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 505,000 shares of the bank’s stock worth $3,320,000 after purchasing an additional 65,000 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Itau Unibanco by 51.9% in the second quarter. William Blair Investment Management LLC now owns 29,278,462 shares of the bank’s stock worth $198,860,000 after purchasing an additional 10,002,310 shares during the last quarter.

Itau Unibanco Stock Performance

Shares of NYSE:ITUB opened at $7.37 on Monday. The company has a market cap of $79.40 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The company has a 50-day moving average price of $7.09 and a 200-day moving average price of $6.72. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $7.45.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. As a group, equities analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 8th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.0454 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. This is a positive change from Itau Unibanco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend was Wednesday, August 20th. Itau Unibanco’s payout ratio is currently 4.23%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group reissued a “neutral” rating on shares of Itau Unibanco in a research note on Thursday, July 10th. Zacks Research raised shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Itau Unibanco in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Itau Unibanco currently has a consensus rating of “Buy” and an average target price of $6.27.

Itau Unibanco 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.