Financial Counselors Inc. Buys 7,385 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Financial Counselors Inc. grew its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 16.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,271 shares of the bank’s stock after acquiring an additional 7,385 shares during the period. Financial Counselors Inc.’s holdings in Itaú Unibanco were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ITUB. Lindbrook Capital LLC raised its stake in shares of Itaú Unibanco by 227.8% during the third quarter. Lindbrook Capital LLC now owns 5,133 shares of the bank’s stock worth $28,000 after buying an additional 3,567 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Itaú Unibanco during the fourth quarter worth approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Itaú Unibanco during the third quarter worth approximately $28,000. Eagle Bay Advisors LLC bought a new stake in shares of Itaú Unibanco during the second quarter worth approximately $30,000. Finally, Natixis bought a new stake in shares of Itaú Unibanco during the fourth quarter worth approximately $38,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ITUB shares. Bank of America raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Tuesday, January 16th. HSBC downgraded shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th.

Itaú Unibanco Stock Down 1.6 %

Shares of NYSE ITUB opened at $6.35 on Friday. The stock has a market cap of $62.23 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.82 and a beta of 0.92. The firm has a 50 day moving average price of $6.83 and a 200 day moving average price of $6.41. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.58 and a current ratio of 1.59. Itaú Unibanco Holding S.A. has a 52-week low of $4.85 and a 52-week high of $7.27.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Monday, February 5th. The bank reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Itaú Unibanco had a net margin of 10.48% and a return on equity of 17.76%. Analysts expect that Itaú Unibanco Holding S.A. will post 0.82 EPS for the current year.

Itaú Unibanco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 3rd will be issued a $0.003 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is presently 4.41%.

Itaú Unibanco Company 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.