Capital World Investors Purchases 453,014 Shares of Itau Unibanco Holding S.A. $ITUB

Capital World Investors grew its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,336,855 shares of the bank’s stock after acquiring an additional 453,014 shares during the quarter. Capital World Investors’ holdings in Itau Unibanco were worth $95,492,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Orbis Allan Gray Ltd lifted its position in shares of Itau Unibanco by 104.3% in the 2nd quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank’s stock worth $574,053,000 after acquiring an additional 43,153,787 shares during the period. Schroder Investment Management Group lifted its position in shares of Itau Unibanco by 4.9% in the 3rd quarter. Schroder Investment Management Group now owns 74,529,975 shares of the bank’s stock worth $546,305,000 after acquiring an additional 3,511,303 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Itau Unibanco by 9.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 61,131,445 shares of the bank’s stock worth $448,705,000 after buying an additional 5,279,282 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Itau Unibanco by 1.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 58,581,150 shares of the bank’s stock worth $419,441,000 after buying an additional 956,962 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Itau Unibanco by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,387,090 shares of the bank’s stock worth $303,781,000 after buying an additional 369,474 shares in the last quarter.

Wall Street Analyst Weigh In

ITUB has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.00.

Itau Unibanco Trading Up 1.3%

ITUB stock opened at $7.53 on Wednesday. The business has a fifty day moving average price of $8.35 and a 200 day moving average price of $8.11. Itau Unibanco Holding S.A. has a fifty-two week low of $5.93 and a fifty-two week high of $9.60. The stock has a market capitalization of $83.35 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 0.80 and a beta of 0.59. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.79 and a quick ratio of 1.79.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results on Tuesday, May 5th. The bank reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Itau Unibanco had a net margin of 27.27% and a return on equity of 21.27%. The business had revenue of $9.01 billion for the quarter, compared to analyst estimates of $9.41 billion. Analysts expect that Itau Unibanco Holding S.A. will post 0.89 EPS for the current fiscal year.

Itau Unibanco Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, June 22nd will be given a $0.068 dividend. The ex-dividend date is Monday, June 22nd. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.11%.

Insiders Place Their Bets

In other Itau Unibanco news, insider Rodrigues Andre Luis Teixeira sold 182,800 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $8.82, for a total value of $1,612,296.00. Following the transaction, the insider directly owned 1,637,511 shares in the company, valued at approximately $14,442,847.02. This trade represents a 10.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Fajerman Sergio Guillinet sold 50,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $9.38, for a total value of $469,000.00. Following the completion of the transaction, the insider owned 1,265,119 shares in the company, valued at $11,866,816.22. The trade was a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 292,277 shares of company stock worth $2,646,512 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

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.