Sava Infond d.o.o. Takes Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Sava Infond d.o.o. purchased a new position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 126,000 shares of the bank’s stock, valued at approximately $625,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Anthracite Investment Company Inc. lifted its position in shares of Itaú Unibanco by 26.1% during the fourth quarter. Anthracite Investment Company Inc. now owns 627,739 shares of the bank’s stock worth $3,114,000 after purchasing an additional 130,000 shares in the last quarter. GQG Partners LLC increased its holdings in shares of Itaú Unibanco by 33.0% in the fourth quarter. GQG Partners LLC now owns 9,269,375 shares of the bank’s stock valued at $45,976,000 after purchasing an additional 2,302,211 shares in the last quarter. LPL Financial LLC raised its position in Itaú Unibanco by 27.6% in the 4th quarter. LPL Financial LLC now owns 373,234 shares of the bank’s stock worth $1,851,000 after purchasing an additional 80,747 shares during the last quarter. American Century Companies Inc. lifted its holdings in Itaú Unibanco by 7.4% during the 4th quarter. American Century Companies Inc. now owns 4,009,983 shares of the bank’s stock worth $19,890,000 after buying an additional 274,750 shares in the last quarter. Finally, Blueshift Asset Management LLC boosted its position in Itaú Unibanco by 198.4% in the 4th quarter. Blueshift Asset Management LLC now owns 125,310 shares of the bank’s stock valued at $622,000 after buying an additional 83,320 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ITUB. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 target price on the stock in a research note on Monday, January 13th. Finally, Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $6.27.

Itaú Unibanco Trading Down 0.4 %

NYSE ITUB opened at $5.60 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.35. The company has a market capitalization of $60.32 billion, a PE ratio of 7.17, a P/E/G ratio of 0.89 and a beta of 0.97. The stock has a 50-day simple moving average of $5.28 and a 200 day simple moving average of $5.31.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were paid a dividend of $0.0527 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is presently 2.82%.

Itaú 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.