B. Metzler seel. Sohn & Co. AG Acquires 68,563 Shares of Itau Unibanco Holding S.A. $ITUB

B. Metzler seel. Sohn & Co. AG lifted its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 8.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 839,299 shares of the bank’s stock after buying an additional 68,563 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Itau Unibanco were worth $6,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orbis Allan Gray Ltd grew its position in Itau Unibanco by 104.3% during the second quarter. Orbis Allan Gray Ltd now owns 84,543,938 shares of the bank’s stock worth $574,053,000 after buying an additional 43,153,787 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Itau Unibanco by 39.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 57,624,188 shares of the bank’s stock valued at $422,962,000 after acquiring an additional 16,339,845 shares in the last quarter. Tredje AP fonden acquired a new position in Itau Unibanco in the 3rd quarter valued at approximately $53,024,000. Fisher Asset Management LLC lifted its position in shares of Itau Unibanco by 10.5% in the 2nd quarter. Fisher Asset Management LLC now owns 61,497,171 shares of the bank’s stock worth $417,566,000 after acquiring an additional 5,828,296 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Itau Unibanco by 8.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 55,852,163 shares of the bank’s stock worth $379,236,000 after acquiring an additional 4,440,223 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ITUB. Weiss Ratings reiterated a “buy (b)” rating on shares of Itau Unibanco in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Finally, Zacks Research raised shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Itau Unibanco has an average rating of “Buy” and a consensus target price of $9.00.

Itau Unibanco Price Performance

Itau Unibanco stock opened at $8.15 on Monday. The business’s fifty day moving average is $8.35 and its two-hundred day moving average is $7.51. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.58 and a current ratio of 1.79. The firm has a market cap of $90.27 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.89 and a beta of 0.63. Itau Unibanco Holding S.A. has a 52 week low of $4.91 and a 52 week high of $9.60.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.98 billion. Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. Equities research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be issued a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s dividend payout ratio is currently 4.29%.

Itau Unibanco Company Profile

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.