PNC Financial Services Group Inc. boosted its stake in Itau Unibanco Holding SA (NYSE:ITUB) by 81.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,327 shares of the bank’s stock after buying an additional 44,676 shares during the period. PNC Financial Services Group Inc.’s holdings in Itau Unibanco were worth $906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in Itau Unibanco by 59.7% in the 4th quarter. LPL Financial LLC now owns 151,435 shares of the bank’s stock valued at $1,384,000 after acquiring an additional 56,585 shares during the last quarter. Lindbrook Capital LLC acquired a new position in shares of Itau Unibanco in the 4th quarter valued at about $51,000. Greenleaf Trust increased its holdings in shares of Itau Unibanco by 50.0% in the 4th quarter. Greenleaf Trust now owns 22,586 shares of the bank’s stock valued at $206,000 after purchasing an additional 7,527 shares during the period. FDx Advisors Inc. increased its holdings in shares of Itau Unibanco by 97.2% in the 4th quarter. FDx Advisors Inc. now owns 128,386 shares of the bank’s stock valued at $1,173,000 after purchasing an additional 63,269 shares during the period. Finally, Steginsky Capital LLC increased its holdings in shares of Itau Unibanco by 48.4% in the 4th quarter. Steginsky Capital LLC now owns 2,213,865 shares of the bank’s stock valued at $20,235,000 after purchasing an additional 721,969 shares during the period. Hedge funds and other institutional investors own 4.91% of the company’s stock.

A number of equities analysts have recently weighed in on the company. ValuEngine downgraded Itau Unibanco from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Zacks Investment Research upgraded Itau Unibanco from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, February 1st. Scotiabank upgraded Itau Unibanco from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 26th. HSBC downgraded Itau Unibanco from a “hold” rating to a “reduce” rating in a report on Tuesday, December 11th. Finally, Bank of America downgraded Itau Unibanco from a “buy” rating to a “neutral” rating in a report on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Itau Unibanco has a consensus rating of “Hold” and a consensus price target of $12.00.

NYSE:ITUB opened at $9.55 on Friday. Itau Unibanco Holding SA has a 52 week low of $6.57 and a 52 week high of $10.80. The company has a market capitalization of $92.77 billion, a P/E ratio of 14.47, a PEG ratio of 1.30 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.77 and a current ratio of 1.77.

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 13th. Investors of record on Tuesday, April 2nd will be issued a $0.0039 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.05 dividend on an annualized basis and a yield of 0.49%. Itau Unibanco’s dividend payout ratio is currently 7.58%.

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About Itau Unibanco

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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