Thomas White International Ltd. raised its holdings in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 762,292 shares of the bank’s stock after purchasing an additional 14,137 shares during the period. Itau Unibanco accounts for 1.6% of Thomas White International Ltd.’s portfolio, making the stock its 10th largest position. Thomas White International Ltd.’s holdings in Itau Unibanco were worth $9,910,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in ITUB. Harding Loevner LP increased its stake in shares of Itau Unibanco by 225.1% during the third quarter. Harding Loevner LP now owns 193,057,699 shares of the bank’s stock valued at $774,895,000 after purchasing an additional 133,670,409 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in shares of Itau Unibanco during the third quarter valued at approximately $235,563,000. Fisher Asset Management LLC increased its stake in shares of Itau Unibanco by 62.9% during the third quarter. Fisher Asset Management LLC now owns 19,361,308 shares of the bank’s stock valued at $265,250,000 after purchasing an additional 7,472,507 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Itau Unibanco by 21.3% during the third quarter. Baillie Gifford & Co. now owns 28,091,190 shares of the bank’s stock valued at $384,849,000 after purchasing an additional 4,924,628 shares in the last quarter. Finally, Barings LLC bought a new position in shares of Itau Unibanco during the fourth quarter valued at approximately $31,194,000. 4.75% of the stock is owned by institutional investors and hedge funds.
Shares of Itau Unibanco Holding SA (ITUB) opened at $15.64 on Monday. Itau Unibanco Holding SA has a fifty-two week low of $10.02 and a fifty-two week high of $16.98. The company has a current ratio of 1.64, a quick ratio of 1.66 and a debt-to-equity ratio of 1.54. The company has a market cap of $101,858.63, a P/E ratio of 13.60, a PEG ratio of 1.69 and a beta of 1.79.
The company also recently declared a monthly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.0046 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, March 1st. Itau Unibanco’s payout ratio is 5.22%.
ITUB has been the subject of a number of analyst reports. BidaskClub downgraded shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. ValuEngine cut shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Deutsche Bank upgraded shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.25.
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Itau Unibanco Profile
Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.
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