Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 14.5% in the second quarter, reports. The fund owned 3,277,334 shares of the bank’s stock after buying an additional 415,684 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Itaú Unibanco were worth $19,697,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sageworth Trust Co acquired a new position in shares of Itaú Unibanco in the first quarter worth $36,000. SRS Capital Advisors Inc. acquired a new position in Itaú Unibanco in the 2nd quarter valued at about $46,000. Platinum Investment Management Ltd. lifted its holdings in Itaú Unibanco by 44.5% in the 1st quarter. Platinum Investment Management Ltd. now owns 9,805 shares of the bank’s stock valued at $49,000 after purchasing an additional 3,021 shares in the last quarter. Veritable L.P. acquired a new stake in shares of Itaú Unibanco during the 1st quarter worth about $54,000. Finally, Perpetual Investment Management Ltd acquired a new stake in Itaú Unibanco during the first quarter worth approximately $66,000. 4.29% of the stock is currently owned by institutional investors.

ITUB stock opened at $5.24 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.83. The company has a market cap of $51.35 billion, a price-to-earnings ratio of 9.89 and a beta of 0.83. The business has a fifty day simple moving average of $5.69 and a 200-day simple moving average of $5.49. Itaú Unibanco Holding S.A. has a 52 week low of $3.88 and a 52 week high of $6.76.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Monday, August 2nd. The bank reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.19 billion. Itaú Unibanco had a return on equity of 17.09% and a net margin of 17.21%. As a group, analysts expect that Itaú Unibanco Holding S.A. will post 0.51 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, November 12th. Investors of record on Monday, October 4th will be issued a $0.0029 dividend. This is a positive change from Itaú Unibanco’s previous monthly dividend of $0.00. The ex-dividend date is Friday, October 1st. This represents a $0.03 annualized dividend and a yield of 0.66%. Itaú Unibanco’s dividend payout ratio (DPR) is presently 7.50%.

Separately, Zacks Investment Research upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a report on Thursday, July 29th.

About Itaú Unibanco

Itaú Unibanco Holding SA provides financial products and services to individual and corporate clients in Brazil and abroad. It operates through the following segments: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. The Retail Banking segment includes credit cards, asset management, insurance, pension plan and capitalization products, and a variety of credit products and services for individuals and small companies.

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

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