Bp Plc raised its holdings in Itau Unibanco Holding SA (NYSE:ITUB) by 93.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,118,749 shares of the bank’s stock after acquiring an additional 539,216 shares during the quarter. Bp Plc’s holdings in Itau Unibanco were worth $10,214,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group raised its holdings in Itau Unibanco by 74.6% in the third quarter. Schroder Investment Management Group now owns 47,059,436 shares of the bank’s stock worth $516,713,000 after purchasing an additional 20,108,356 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Itau Unibanco by 66.8% during the fourth quarter. Fisher Asset Management LLC now owns 44,341,615 shares of the bank’s stock worth $405,282,000 after acquiring an additional 17,763,695 shares during the period. FMR LLC raised its holdings in shares of Itau Unibanco by 11.1% during the third quarter. FMR LLC now owns 22,972,418 shares of the bank’s stock worth $252,237,000 after acquiring an additional 2,296,805 shares during the period. Mondrian Investment Partners LTD raised its holdings in shares of Itau Unibanco by 14.1% during the fourth quarter. Mondrian Investment Partners LTD now owns 20,180,676 shares of the bank’s stock worth $184,451,000 after acquiring an additional 2,492,462 shares during the period. Finally, Axiom International Investors LLC DE raised its holdings in shares of Itau Unibanco by 61.3% during the third quarter. Axiom International Investors LLC DE now owns 12,032,528 shares of the bank’s stock worth $132,117,000 after acquiring an additional 4,571,928 shares during the period. 4.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ITUB stock opened at $9.83 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.68. Itau Unibanco Holding SA has a 1 year low of $6.57 and a 1 year high of $11.01. The firm has a market capitalization of $97.14 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12.
The firm also recently declared a monthly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Monday, March 4th will be paid a $0.004 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.05 annualized dividend and a yield of 0.49%. Itau Unibanco’s payout ratio is currently 7.58%.
A number of equities research analysts recently commented on the stock. Bank of America lowered shares of Itau Unibanco from a “buy” rating to a “neutral” rating in a report on Tuesday, February 5th. Zacks Investment Research upgraded shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, February 1st. ValuEngine lowered shares of Itau Unibanco from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. HSBC lowered shares of Itau Unibanco from a “hold” rating to a “reduce” rating in a report on Tuesday, December 11th. Finally, Morgan Stanley upgraded shares of Itau Unibanco from an “underweight” rating to an “equal weight” rating in a report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Itau Unibanco has a consensus rating of “Hold” and a consensus target price of $12.00.
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Itau Unibanco 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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