Strs Ohio maintained its position in Itau Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, Holdings Channel reports. The fund owned 580,800 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Itau Unibanco Holding were worth $5,482,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in ITUB. Orbis Allan Gray Ltd bought a new position in Itau Unibanco Holding during the first quarter valued at approximately $67,161,000. Wellington Management Group LLP boosted its position in Itau Unibanco Holding by 3,678.5% in the first quarter. Wellington Management Group LLP now owns 8,002,786 shares of the company’s stock valued at $68,743,000 after buying an additional 7,790,989 shares during the last quarter. Harding Loevner LP boosted its position in Itau Unibanco Holding by 2.4% in the second quarter. Harding Loevner LP now owns 48,899,596 shares of the company’s stock valued at $461,623,000 after buying an additional 1,159,053 shares during the last quarter. Bank of Montreal Can bought a new position in Itau Unibanco Holding during the second quarter valued at approximately $8,799,000. Finally, TT International bought a new position in Itau Unibanco Holding during the second quarter valued at approximately $7,156,000. Hedge funds and other institutional investors own 4.64% of the company’s stock.
Itau Unibanco Holding S.A. (NYSE:ITUB) traded down 1.14% during midday trading on Tuesday, hitting $11.23. 21,825,025 shares of the stock traded hands. The stock has a market capitalization of $66.59 billion, a PE ratio of 8.37 and a beta of 1.81. Itau Unibanco Holding S.A. has a 12-month low of $5.48 and a 12-month high of $11.58. The firm’s 50 day moving average is $11.08 and its 200-day moving average is $9.70.
Itau Unibanco Holding (NYSE:ITUB) last released its earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a net margin of 23.21% and a return on equity of 19.19%. On average, analysts anticipate that Itau Unibanco Holding S.A. will post $1.07 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, October 5th will be paid a $0.005 dividend. The ex-dividend date is Monday, October 3rd. Itau Unibanco Holding’s dividend payout ratio is presently 4.92%.
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of 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. Goldman Sachs Group Inc. upgraded shares of Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Finally, Credit Suisse Group AG upgraded shares of Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. 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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