Itau Unibanco Holding SA (ITUB) Holdings Boosted by Axiom International Investors LLC DE

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.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2018/11/30/itau-unibanco-holding-sa-itub-holdings-boosted-by-axiom-international-investors-llc-de.html.

Itau Unibanco Company Profile

Ita├║ 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.

Further Reading: What are no-load funds?

Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itau Unibanco Holding SA (NYSE:ITUB).

Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

Receive News & Ratings for Itau Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply