Itau Unibanco Holding S.A. $ITUB Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC lifted its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.3% in the third quarter, HoldingsChannel.com reports. The firm owned 6,162,981 shares of the bank’s stock after acquiring an additional 311,472 shares during the quarter. Todd Asset Management LLC’s holdings in Itau Unibanco were worth $45,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MAI Capital Management purchased a new stake in shares of Itau Unibanco in the 2nd quarter valued at approximately $41,000. EverSource Wealth Advisors LLC grew its stake in shares of Itau Unibanco by 332.4% in 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 in the last quarter. First Horizon Corp purchased a new stake in shares of Itau Unibanco in the 3rd quarter valued at $60,000. Park Avenue Securities LLC lifted its stake in Itau Unibanco by 17.5% during 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, Transcend Capital Advisors LLC purchased a new position in Itau Unibanco during the 3rd quarter valued at about $115,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price objective on Itau Unibanco from $6.80 to $7.77 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a report on Monday, December 29th. One research 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, the stock has a consensus rating of “Buy” and an average price target of $7.77.

Itau Unibanco Trading Down 1.3%

ITUB opened at $9.16 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Itau Unibanco Holding S.A. has a 52 week low of $4.73 and a 52 week high of $9.60. The business’s 50 day moving average is $7.78 and its two-hundred day moving average is $7.25. The firm has a market cap of $101.40 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.01 and a beta of 0.62.

Itau Unibanco (NYSE:ITUB) last announced its earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.98 billion. On average, research analysts predict that Itau Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itau Unibanco Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, December 2nd will be issued a dividend of $0.0032 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. Itau Unibanco’s dividend payout ratio (DPR) is currently 4.29%.

Itau Unibanco 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.