Itaú Unibanco Holding S.A. (NYSE:ITUB) is Constellation Investimentos e Participacoes Ltda’s 3rd Largest Position

Constellation Investimentos e Participacoes Ltda boosted its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 96.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,540,200 shares of the bank’s stock after purchasing an additional 1,249,200 shares during the period. Itaú Unibanco makes up about 12.2% of Constellation Investimentos e Participacoes Ltda’s portfolio, making the stock its 3rd biggest position. Constellation Investimentos e Participacoes Ltda’s holdings in Itaú Unibanco were worth $12,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Itaú Unibanco in the third quarter valued at about $1,215,000. State Street Corp increased its holdings in Itaú Unibanco by 7.4% in the 3rd quarter. State Street Corp now owns 12,522,486 shares of the bank’s stock worth $83,899,000 after buying an additional 861,500 shares during the period. Driehaus Capital Management LLC raised its position in Itaú Unibanco by 77.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank’s stock worth $41,549,000 after buying an additional 3,106,130 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after acquiring an additional 2,604,304 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Itaú Unibanco by 23.2% in the 3rd quarter. HighTower Advisors LLC now owns 25,586 shares of the bank’s stock valued at $169,000 after acquiring an additional 4,823 shares during the last quarter.

Itaú Unibanco Stock Up 0.5 %

ITUB opened at $5.34 on Friday. The company has a fifty day moving average of $5.38 and a two-hundred day moving average of $6.01. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. Itaú Unibanco Holding S.A. has a fifty-two week low of $4.86 and a fifty-two week high of $7.27. The stock has a market capitalization of $52.29 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.57 and a beta of 0.95.

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 issued a $0.0029 dividend. 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%.

Wall Street Analyst Weigh In

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

Itaú Unibanco Profile

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.