Fielder Capital Group LLC Buys Shares of 15,105 Itaú Unibanco Holding S.A. (NYSE:ITUB)

Fielder Capital Group LLC purchased a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,105 shares of the bank’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Itaú Unibanco by 67.0% during the 1st quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock valued at $30,000 after buying an additional 1,755 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Itaú Unibanco by 571.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,888 shares of the bank’s stock valued at $48,000 after purchasing an additional 5,862 shares during the last quarter. Bessemer Group Inc. bought a new position in Itaú Unibanco during the first quarter valued at $49,000. National Bank of Canada FI raised its position in Itaú Unibanco by 20,555.6% in the 4th quarter. National Bank of Canada FI now owns 7,436 shares of the bank’s stock worth $51,000 after purchasing an additional 7,400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Itaú Unibanco by 54.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,098 shares of the bank’s stock worth $56,000 after acquiring an additional 2,838 shares during the last quarter.

Itaú Unibanco Price Performance

Shares of ITUB stock traded down $0.07 on Friday, reaching $6.52. 19,455,806 shares of the company were exchanged, compared to its average volume of 21,383,188. Itaú Unibanco Holding S.A. has a 1 year low of $5.12 and a 1 year high of $7.27. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50-day moving average price of $6.22 and a 200 day moving average price of $6.38. The company has a market cap of $63.90 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.84 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings results on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. The firm had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the previous year, the company earned $0.18 EPS. Equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.78 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Tuesday, September 3rd will be issued a $0.0031 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, September 3rd. Itaú Unibanco’s payout ratio is currently 4.05%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ITUB. Morgan Stanley upgraded Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a report on Monday, June 17th. UBS Group lowered shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Itaú Unibanco currently has a consensus rating of “Hold” and a consensus target price of $7.05.

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.