Crossmark Global Holdings Inc. Purchases 4,636 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Crossmark Global Holdings Inc. raised its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,867 shares of the bank’s stock after acquiring an additional 4,636 shares during the period. Crossmark Global Holdings Inc.’s holdings in Itaú Unibanco were worth $2,420,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of Itaú Unibanco by 68.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock worth $38,000 after acquiring an additional 2,469 shares during the last quarter. Daymark Wealth Partners LLC bought a new stake in Itaú Unibanco during the third quarter worth approximately $68,000. Quantinno Capital Management LP purchased a new stake in shares of Itaú Unibanco in the third quarter valued at $68,000. MQS Management LLC purchased a new stake in shares of Itaú Unibanco in the third quarter worth approximately $70,000. Finally, Raymond James Trust N.A. bought a new stake in Itaú Unibanco during the 3rd quarter valued at about $81,000.

Analysts Set New Price Targets

ITUB has been the subject of several research reports. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price for the company in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Itaú Unibanco presently has a consensus rating of “Buy” and a consensus price target of $6.90.

Itaú Unibanco Trading Down 0.1 %

Shares of ITUB stock opened at $5.47 on Friday. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.86 and a fifty-two week high of $7.27. The firm has a market capitalization of $53.56 billion, a P/E ratio of 7.01, a PEG ratio of 0.61 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s fifty day moving average is $5.34 and its two-hundred day moving average is $6.00.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be issued a $0.0029 dividend. The ex-dividend date is Tuesday, February 4th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is currently 2.56%.

About Itaú Unibanco

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.