Itau Unibanco Holding S.A. $ITUB Stock Holdings Increased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 41.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,848 shares of the bank’s stock after acquiring an additional 14,501 shares during the period. Blue Trust Inc.’s holdings in Itau Unibanco were worth $338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Itau Unibanco by 29.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,562 shares of the bank’s stock valued at $141,000 after purchasing an additional 5,743 shares in the last quarter. TT International Asset Management LTD bought a new stake in shares of Itau Unibanco during the 1st quarter worth about $17,826,000. Vanguard Group Inc. raised its position in shares of Itau Unibanco by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 24,592,740 shares of the bank’s stock worth $135,260,000 after buying an additional 1,549,003 shares in the last quarter. INCA Investments LLC raised its holdings in Itau Unibanco by 10.0% during the first quarter. INCA Investments LLC now owns 1,247,501 shares of the bank’s stock worth $6,861,000 after purchasing an additional 113,409 shares in the last quarter. Finally, Banco Santander S.A. raised its holdings in Itau Unibanco by 222.8% during the first quarter. Banco Santander S.A. now owns 155,795 shares of the bank’s stock worth $857,000 after purchasing an additional 107,527 shares in the last quarter.

Itau Unibanco Stock Up 1.6%

Shares of Itau Unibanco stock opened at $6.87 on Tuesday. The stock’s fifty day moving average is $7.02 and its 200-day moving average is $6.55. The firm has a market capitalization of $74.01 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.45.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $44.75 billion. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. Equities analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, September 8th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.0454 per share. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Wednesday, August 20th. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.23%.

Wall Street Analysts Forecast Growth

ITUB has been the topic of a number of research reports. UBS Group reissued a “neutral” rating on shares of Itau Unibanco in a research note on Thursday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Itau Unibanco in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Itau Unibanco presently has an average rating of “Moderate Buy” and a consensus target price of $6.27.

About Itau 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.