Gemsstock Ltd. Makes New $17.09 Million Investment in Itau Unibanco Holding S.A. $ITUB

Gemsstock Ltd. acquired a new stake in Itau Unibanco Holding S.A. (NYSE:ITUB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,328,500 shares of the bank’s stock, valued at approximately $17,091,000. Itau Unibanco comprises about 4.5% of Gemsstock Ltd.’s holdings, making the stock its 11th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Oaktree Capital Management LP grew its position in shares of Itau Unibanco by 58.5% in the 2nd quarter. Oaktree Capital Management LP now owns 11,004,494 shares of the bank’s stock valued at $74,721,000 after acquiring an additional 4,063,482 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Itau Unibanco by 18.6% in the 3rd quarter. New York State Common Retirement Fund now owns 6,868,048 shares of the bank’s stock valued at $50,411,000 after purchasing an additional 1,079,178 shares during the period. Creative Planning lifted its stake in Itau Unibanco by 65.3% in the 2nd quarter. Creative Planning now owns 161,847 shares of the bank’s stock valued at $1,099,000 after purchasing an additional 63,920 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Itau Unibanco by 39.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 57,624,188 shares of the bank’s stock worth $422,962,000 after purchasing an additional 16,339,845 shares during the period. Finally, Todd Asset Management LLC increased its position in Itau Unibanco by 5.3% during the third quarter. Todd Asset Management LLC now owns 6,162,981 shares of the bank’s stock worth $45,236,000 after buying an additional 311,472 shares during the last quarter.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $9.26 on Friday. The stock has a market cap of $102.57 billion, a P/E ratio of 13.15, a PEG ratio of 1.01 and a beta of 0.62. The stock has a 50 day simple moving average of $8.16 and a 200 day simple moving average of $7.42. The company has a current ratio of 1.79, a quick ratio of 1.58 and a debt-to-equity ratio of 2.61. Itau Unibanco Holding S.A. has a 1-year low of $4.73 and a 1-year high of $9.60.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.98 billion. Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. Research analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Zacks Research upgraded Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $9.00.

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.