Robeco Institutional Asset Management B.V. Has $196.71 Million Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Robeco Institutional Asset Management B.V. grew its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 39,658,215 shares of the bank’s stock after acquiring an additional 1,286,014 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Itaú Unibanco were worth $196,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of ITUB. Dimensional Fund Advisors LP lifted its stake in shares of Itaú Unibanco by 33.4% during the second quarter. Dimensional Fund Advisors LP now owns 228,293 shares of the bank’s stock valued at $1,333,000 after acquiring an additional 57,188 shares during the period. Millennium Management LLC lifted its stake in shares of Itaú Unibanco by 74.5% during the second quarter. Millennium Management LLC now owns 4,753,825 shares of the bank’s stock valued at $27,762,000 after acquiring an additional 2,029,103 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Itaú Unibanco during the second quarter valued at $785,000. Daymark Wealth Partners LLC acquired a new position in shares of Itaú Unibanco during the third quarter valued at $68,000. Finally, Perpetual Ltd lifted its stake in shares of Itaú Unibanco by 9.0% during the third quarter. Perpetual Ltd now owns 13,629,806 shares of the bank’s stock valued at $90,638,000 after acquiring an additional 1,126,695 shares during the period.

Itaú Unibanco Stock Up 1.2 %

Shares of Itaú Unibanco stock opened at $5.69 on Wednesday. Itaú Unibanco Holding S.A. has a 1 year low of $4.86 and a 1 year high of $7.27. The business has a 50-day moving average of $5.31 and a two-hundred day moving average of $5.98. The company has a market capitalization of $55.72 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.0029 per share. The ex-dividend date is Tuesday, February 4th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is presently 3.85%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ITUB shares. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective for the company in a report on Monday, January 13th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. lowered their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Itaú Unibanco currently has a consensus rating of “Buy” and an average target price of $6.90.

About Itaú Unibanco

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.