Investors Buy Itau Unibanco (ITUB) on Weakness

Investors bought shares of Itau Unibanco Holding SA (NYSE:ITUB) on weakness during trading on Thursday. $87.16 million flowed into the stock on the tick-up and $39.33 million flowed out of the stock on the tick-down, for a money net flow of $47.83 million into the stock. Of all stocks tracked, Itau Unibanco had the 16th highest net in-flow for the day. Itau Unibanco traded down ($0.06) for the day and closed at $10.21

Several analysts have commented on the stock. Zacks Investment Research downgraded shares of Itau Unibanco from a “hold” rating to a “sell” rating in a report on Friday, October 19th. ValuEngine upgraded shares of Itau Unibanco from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Morgan Stanley upgraded shares of Itau Unibanco from an “underweight” rating to an “equal weight” rating in a report on Friday, November 9th. HSBC downgraded shares of Itau Unibanco from a “hold” rating to a “reduce” rating in a report on Tuesday, December 11th. Finally, Citigroup downgraded shares of Itau Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Itau Unibanco presently has a consensus rating of “Hold” and an average target price of $17.00.

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 has a market cap of $100.33 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08.



Itau Unibanco (NYSE:ITUB) last released its earnings results on Monday, October 29th. The bank reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Itau Unibanco had a net margin of 15.44% and a return on equity of 17.22%. The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.96 billion. Equities analysts anticipate that Itau Unibanco Holding SA will post 0.71 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 4th will be given a dividend of $0.0039 per share. This represents a yield of 0.48%. This is a boost from Itau Unibanco’s previous special dividend of $0.00. The ex-dividend date is Friday, February 1st. Itau Unibanco’s payout ratio is 6.58%.

A number of hedge funds have recently added to or reduced their stakes in the business. USS Investment Management Ltd boosted its position in Itau Unibanco by 50.0% during the fourth quarter. USS Investment Management Ltd now owns 2,629,366 shares of the bank’s stock worth $24,019,000 after purchasing an additional 876,455 shares during the period. Moody National Bank Trust Division boosted its position in Itau Unibanco by 50.0% during the fourth quarter. Moody National Bank Trust Division now owns 49,808 shares of the bank’s stock worth $455,000 after purchasing an additional 16,602 shares during the period. Confluence Investment Management LLC boosted its position in Itau Unibanco by 49.9% during the fourth quarter. Confluence Investment Management LLC now owns 42,529 shares of the bank’s stock worth $389,000 after purchasing an additional 14,162 shares during the period. Federated Investors Inc. PA acquired a new stake in shares of Itau Unibanco during the third quarter worth $676,000. Finally, Dodge & Cox lifted its holdings in shares of Itau Unibanco by 41.5% during the third quarter. Dodge & Cox now owns 6,807,589 shares of the bank’s stock worth $74,747,000 after buying an additional 1,997,573 shares in the last quarter.

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About Itau Unibanco (NYSE:ITUB)

Itaú 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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