PDS Planning Inc Has $180,000 Stock Position in Itau Unibanco Holding S.A. $ITUB

PDS Planning Inc boosted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 26.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,474 shares of the bank’s stock after purchasing an additional 5,574 shares during the period. PDS Planning Inc’s holdings in Itau Unibanco were worth $180,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. GQG Partners LLC grew its position in Itau Unibanco by 738.6% in the 1st quarter. GQG Partners LLC now owns 77,734,889 shares of the bank’s stock worth $427,542,000 after purchasing an additional 68,465,514 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Itau Unibanco by 5.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank’s stock worth $230,805,000 after purchasing an additional 2,306,414 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in Itau Unibanco in the 1st quarter worth about $227,646,000. Vanguard Group Inc. boosted its stake in Itau Unibanco by 6.7% in the first quarter. Vanguard Group Inc. now owns 24,592,740 shares of the bank’s stock valued at $135,260,000 after acquiring an additional 1,549,003 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in Itau Unibanco by 22.5% in the first quarter. Itau Unibanco Holding S.A. now owns 21,455,970 shares of the bank’s stock valued at $114,602,000 after acquiring an additional 3,937,238 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ITUB shares. UBS Group reiterated 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 note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.27.

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $6.87 on Tuesday. The stock has a market capitalization of $74.01 billion, a P/E ratio of 9.73, a PEG ratio of 1.00 and a beta of 0.84. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39. The firm’s 50 day moving average is $7.02 and its 200 day moving average is $6.55. 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 announced its quarterly earnings results on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $7.14 billion for the quarter, compared to analysts’ expectations of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. On average, sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Increases Dividend

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

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.