Axiom International Investors LLC DE boosted its holdings in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 61.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,032,528 shares of the bank’s stock after buying an additional 4,571,928 shares during the quarter. Itau Unibanco makes up approximately 3.8% of Axiom International Investors LLC DE’s investment portfolio, making the stock its 3rd largest position. Axiom International Investors LLC DE owned approximately 0.18% of Itau Unibanco worth $132,117,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ITUB. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Itau Unibanco by 143.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,000 shares of the bank’s stock valued at $110,000 after purchasing an additional 5,889 shares during the last quarter. Point View Wealth Management Inc. acquired a new position in shares of Itau Unibanco in the second quarter valued at approximately $106,000. MML Investors Services LLC acquired a new position in shares of Itau Unibanco in the third quarter valued at approximately $117,000. Global Thematic Partners LLC acquired a new position in shares of Itau Unibanco in the third quarter valued at approximately $125,000. Finally, Iberiabank Corp acquired a new position in shares of Itau Unibanco in the third quarter valued at approximately $154,000. 5.83% of the stock is currently owned by hedge funds and other institutional investors.
Itau Unibanco stock opened at $9.34 on Friday. Itau Unibanco Holding SA has a 12 month low of $6.57 and a 12 month high of $11.32. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $88.12 billion, a PE ratio of 8.19, a PEG ratio of 1.27 and a beta of 1.14.
Itau Unibanco (NYSE:ITUB) last posted its earnings results on Monday, October 29th. The bank reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.96 billion. Itau Unibanco had a return on equity of 17.22% and a net margin of 15.44%. On average, analysts anticipate that Itau Unibanco Holding SA will post 1.06 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, January 14th. Investors of record on Tuesday, December 4th will be paid a $0.0039 dividend. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. This represents a $0.05 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, December 3rd. Itau Unibanco’s payout ratio is 4.39%.
Several equities analysts have recently commented on ITUB shares. ValuEngine downgraded Itau Unibanco from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup downgraded Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Zacks Investment Research downgraded Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Morgan Stanley raised Itau Unibanco from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.50.
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Itau Unibanco Company Profile
Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.
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