Perpetual Ltd Acquires 51,688 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Perpetual Ltd grew its stake in Itaú Unibanco Holding S.A. (NYSE:ITUBFree Report) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 13,681,494 shares of the bank’s stock after purchasing an additional 51,688 shares during the period. Perpetual Ltd’s holdings in Itaú Unibanco were worth $67,860,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in Itaú Unibanco by 15.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,172,345 shares of the bank’s stock valued at $6,846,000 after acquiring an additional 153,991 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Itaú Unibanco by 33.4% during the second quarter. Dimensional Fund Advisors LP now owns 228,293 shares of the bank’s stock valued at $1,333,000 after purchasing an additional 57,188 shares in the last quarter. Blair William & Co. IL grew its position in Itaú Unibanco by 56.3% in the 2nd quarter. Blair William & Co. IL now owns 41,367 shares of the bank’s stock worth $242,000 after purchasing an additional 14,893 shares in the last quarter. Hsbc Holdings PLC increased its stake in Itaú Unibanco by 9.2% in the 2nd quarter. Hsbc Holdings PLC now owns 2,219,210 shares of the bank’s stock valued at $12,941,000 after buying an additional 186,594 shares during the last quarter. Finally, Profund Advisors LLC lifted its position in shares of Itaú Unibanco by 3.9% during the 2nd quarter. Profund Advisors LLC now owns 192,412 shares of the bank’s stock worth $1,124,000 after buying an additional 7,284 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Itaú Unibanco

Itaú Unibanco Trading Up 0.5 %

Shares of Itaú Unibanco stock opened at $5.34 on Tuesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $52.29 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.60 and a beta of 0.95. Itaú Unibanco Holding S.A. has a 52-week low of $4.86 and a 52-week high of $7.27. The stock’s 50-day simple moving average is $5.38 and its 200 day simple moving average is $6.01.

Itaú Unibanco Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be paid a dividend of $0.0029 per share. This is a boost from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Tuesday, February 4th. Itaú Unibanco’s dividend payout ratio is presently 3.85%.

About Itaú Unibanco

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itaú Unibanco Holding S.A. (NYSE:ITUBFree Report).

Institutional Ownership by Quarter for Itaú Unibanco (NYSE:ITUB)

Receive News & Ratings for Itaú Unibanco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itaú Unibanco and related companies with MarketBeat.com's FREE daily email newsletter.