Boston Partners Grows Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Boston Partners lifted its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 3.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,162,884 shares of the bank’s stock after acquiring an additional 38,924 shares during the quarter. Boston Partners’ holdings in Itaú Unibanco were worth $5,768,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Metis Global Partners LLC lifted its holdings in Itaú Unibanco by 7.4% in the 4th quarter. Metis Global Partners LLC now owns 27,876 shares of the bank’s stock worth $138,000 after buying an additional 1,925 shares in the last quarter. Fielder Capital Group LLC lifted its stake in shares of Itaú Unibanco by 13.2% in the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank’s stock worth $85,000 after acquiring an additional 2,001 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Itaú Unibanco by 16.9% in the third quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank’s stock valued at $103,000 after purchasing an additional 2,250 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Itaú Unibanco by 18.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 19,819 shares of the bank’s stock valued at $98,000 after purchasing an additional 3,089 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Itaú Unibanco by 8.2% during the 4th quarter. Spire Wealth Management now owns 44,738 shares of the bank’s stock worth $222,000 after purchasing an additional 3,405 shares during the last quarter.

Itaú Unibanco Stock Performance

Itaú Unibanco stock opened at $5.66 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. Itaú Unibanco Holding S.A. has a 12 month low of $4.42 and a 12 month high of $6.35. The company has a fifty day moving average price of $5.21 and a two-hundred day moving average price of $5.33. The company has a market cap of $60.97 billion, a PE ratio of 7.25, a P/E/G ratio of 0.89 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Research analysts expect that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.0527 dividend. This is an increase from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date was Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio (DPR) is 2.82%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ITUB. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 price objective for the company in a report on Monday, January 13th. Finally, UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $6.27.

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.