Schroder Investment Management Group raised its stake in Itau Unibanco Holding SA (NYSE:ITUB) by 49.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,951,080 shares of the bank’s stock after acquiring an additional 8,892,966 shares during the period. Schroder Investment Management Group owned approximately 0.41% of Itau Unibanco worth $277,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITUB. Point View Wealth Management Inc. bought a new position in shares of Itau Unibanco in the 2nd quarter valued at $106,000. Matarin Capital Management LLC bought a new position in shares of Itau Unibanco in the 1st quarter valued at $190,000. Capital Investment Advisory Services LLC bought a new position in shares of Itau Unibanco in the 2nd quarter valued at $242,000. Flow Traders U.S. LLC bought a new position in shares of Itau Unibanco in the 1st quarter valued at $259,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Itau Unibanco in the 2nd quarter valued at $290,000. 5.44% of the stock is owned by hedge funds and other institutional investors.

ITUB has been the topic of several recent analyst reports. ValuEngine lowered Itau Unibanco from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Citigroup upgraded Itau Unibanco from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 5th. Finally, Zacks Investment Research lowered Itau Unibanco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 19th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.50.

Shares of ITUB stock opened at $10.45 on Tuesday. The firm has a market cap of $65.91 billion, a P/E ratio of 9.17, a PEG ratio of 0.94 and a beta of 1.73. Itau Unibanco Holding SA has a twelve month low of $9.85 and a twelve month high of $16.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.35 and a current ratio of 1.35.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Tuesday, July 31st. The bank reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $8.05 billion. Itau Unibanco had a return on equity of 16.67% and a net margin of 17.21%. equities research analysts expect that Itau Unibanco Holding SA will post 1.07 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 13th. Investors of record on Tuesday, October 2nd will be given a dividend of $0.0036 per share. The ex-dividend date of this dividend is Monday, October 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. Itau Unibanco’s dividend payout ratio is currently 4.39%.

Itau Unibanco Company Profile

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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

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