Union Bancaire Privee UBP SA Purchases New Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Union Bancaire Privee UBP SA purchased a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the bank’s stock, valued at approximately $100,000.

Several other hedge funds have also bought and sold shares of ITUB. FMR LLC increased its stake in shares of Itaú Unibanco by 12,592.2% in the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock valued at $156,171,000 after purchasing an additional 23,299,313 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Itaú Unibanco in the third quarter valued at approximately $40,685,000. Fisher Asset Management LLC increased its position in shares of Itaú Unibanco by 6.1% in the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock valued at $336,408,000 after buying an additional 2,886,508 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after buying an additional 2,604,304 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Itaú Unibanco by 38.8% during the 3rd quarter. Two Sigma Advisers LP now owns 6,367,875 shares of the bank’s stock valued at $42,346,000 after buying an additional 1,779,300 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective on the stock in a report on Monday, January 13th. Finally, Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Four equities 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.com, Itaú Unibanco currently has a consensus rating of “Buy” and an average price target of $6.90.

Itaú Unibanco Price Performance

Itaú Unibanco stock opened at $5.70 on Wednesday. The company has a fifty day simple moving average of $5.44 and a 200-day simple moving average of $5.95. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $55.82 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.89 and a beta of 0.95. Itaú Unibanco Holding S.A. has a 52-week low of $4.86 and a 52-week high of $7.07.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. On average, equities analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be given a dividend of $0.058 per share. This is an increase from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date is Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio (DPR) is presently 73.08%.

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.