Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Fielder Capital Group LLC

Fielder Capital Group LLC grew its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 13.2% in the fourth quarter, HoldingsChannel reports. The fund owned 17,106 shares of the bank’s stock after buying an additional 2,001 shares during the period. Fielder Capital Group LLC’s holdings in Itaú Unibanco were worth $85,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning lifted its holdings in Itaú Unibanco by 33.5% in the third quarter. Creative Planning now owns 14,941 shares of the bank’s stock worth $99,000 after purchasing an additional 3,753 shares during the period. Raymond James & Associates lifted its stake in shares of Itaú Unibanco by 29.5% in the 3rd quarter. Raymond James & Associates now owns 412,720 shares of the bank’s stock worth $2,745,000 after acquiring an additional 93,904 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Itaú Unibanco by 176.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,730 shares of the bank’s stock valued at $111,000 after acquiring an additional 10,689 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Itaú Unibanco by 305.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 160,808 shares of the bank’s stock valued at $1,069,000 after acquiring an additional 121,140 shares during the period. Finally, US Bancorp DE lifted its position in Itaú Unibanco by 2.1% in the third quarter. US Bancorp DE now owns 291,219 shares of the bank’s stock worth $1,937,000 after purchasing an additional 6,018 shares during the period.

Itaú Unibanco Stock Down 0.1 %

Shares of Itaú Unibanco stock opened at $5.64 on Friday. Itaú Unibanco Holding S.A. has a 12-month low of $4.86 and a 12-month high of $7.04. The firm has a market capitalization of $55.23 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95. 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 stock’s fifty day moving average is $5.46 and its 200-day moving average is $5.95.

Itaú Unibanco (NYSE:ITUB) last posted 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 return on equity of 19.46% and a net margin of 12.25%. Equities analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be paid a $0.058 dividend. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio (DPR) is currently 2.56%.

Wall Street Analyst Weigh In

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

Itaú Unibanco Company Profile

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.