MGO One Seven LLC Has $404,000 Stake in Itau Unibanco Holding S.A. $ITUB

MGO One Seven LLC cut its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,476 shares of the bank’s stock after selling 13,564 shares during the quarter. MGO One Seven LLC’s holdings in Itau Unibanco were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the stock. GQG Partners LLC boosted its holdings in Itau Unibanco by 738.6% during the 1st quarter. GQG Partners LLC now owns 77,734,889 shares of the bank’s stock worth $427,542,000 after acquiring an additional 68,465,514 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Itau Unibanco by 5.8% during the first 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 during 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. increased its stake in Itau Unibanco by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 24,592,740 shares of the bank’s stock valued at $135,260,000 after buying an additional 1,549,003 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Itau Unibanco by 22.5% during the 1st quarter. Itau Unibanco Holding S.A. now owns 21,455,970 shares of the bank’s stock worth $114,602,000 after buying an additional 3,937,238 shares in the last quarter.

Itau Unibanco Price Performance

Shares of NYSE ITUB opened at $6.94 on Friday. 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 stock has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $6.58. Itau Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $7.45. The firm has a market cap of $74.82 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 1.03 and a beta of 0.84.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%.The firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $44.75 billion. 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 announced a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.0454 per share. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Wednesday, August 20th. Itau Unibanco’s dividend payout ratio (DPR) is 4.23%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ITUB shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Itau Unibanco in a report on Wednesday, October 8th. Zacks Research upgraded Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Itau Unibanco in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Itau Unibanco currently has an average rating of “Buy” and a consensus price target of $6.27.

Itau Unibanco 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.