Capital Fund Management S.A. acquired a new position in Itau Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, Holdings Channel reports. The fund acquired 1,231,665 shares of the company’s stock, valued at approximately $11,627,000.
Other large investors also recently modified their holdings of the company. Atria Investments LLC bought a new stake in shares of Itau Unibanco Holding during the second quarter worth $137,000. Independent Portfolio Consultants Inc. boosted its stake in Itau Unibanco Holding by 2.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 23,485 shares of the company’s stock worth $222,000 after buying an additional 465 shares during the period. Mariner Wealth Advisors LLC boosted its stake in Itau Unibanco Holding by 88.5% in the first quarter. Mariner Wealth Advisors LLC now owns 27,325 shares of the company’s stock worth $235,000 after buying an additional 12,826 shares during the period. Rockefeller Financial Services Inc. boosted its stake in Itau Unibanco Holding by 3.6% in the second quarter. Rockefeller Financial Services Inc. now owns 57,132 shares of the company’s stock worth $539,000 after buying an additional 1,969 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Itau Unibanco Holding during the first quarter worth approximately $865,000. Hedge funds and other institutional investors own 4.64% of the company’s stock.
Shares of Itau Unibanco Holding S.A. (NYSE:ITUB) traded up 1.07% on Wednesday, hitting $11.34. The stock had a trading volume of 8,026,572 shares. The stock has a 50 day moving average price of $11.09 and a 200-day moving average price of $9.60. Itau Unibanco Holding S.A. has a 12-month low of $5.48 and a 12-month high of $11.58. The company has a market cap of $67.24 billion, a price-to-earnings ratio of 8.51 and a beta of 1.82.
Itau Unibanco Holding (NYSE:ITUB) last posted its earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a return on equity of 19.19% and a net margin of 23.21%. On average, equities analysts expect that Itau Unibanco Holding S.A. will post $1.07 earnings per share for the current year.
The company also recently announced a dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, October 5th will be issued a $0.005 dividend. The ex-dividend date is Monday, October 3rd. Itau Unibanco Holding’s payout ratio is currently 4.92%.
A number of equities research analysts have commented on ITUB shares. HSBC cut Itau Unibanco Holding from a “buy” rating to a “hold” rating in a research note on Thursday, June 2nd. Credit Suisse Group AG upgraded Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Goldman Sachs Group Inc. upgraded Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Finally, JPMorgan Chase & Co. decreased their price target on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.98.
About Itau Unibanco Holding
Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.
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