Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 341,799 shares of the bank’s stock after purchasing an additional 22,726 shares during the period. Raymond James & Associates’ holdings in Itaú Unibanco were worth $2,376,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. PDS Planning Inc grew its stake in Itaú Unibanco by 18.6% during the third quarter. PDS Planning Inc now owns 12,652 shares of the bank’s stock worth $68,000 after buying an additional 1,984 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Itaú Unibanco by 2.5% during the first quarter. HBK Sorce Advisory LLC now owns 82,302 shares of the bank’s stock worth $601,000 after purchasing an additional 2,000 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Itaú Unibanco by 3.3% during the third quarter. Cubist Systematic Strategies LLC now owns 74,417 shares of the bank’s stock worth $385,000 after purchasing an additional 2,347 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Itaú Unibanco by 5.3% during the third quarter. Advisors Asset Management Inc. now owns 53,071 shares of the bank’s stock worth $285,000 after purchasing an additional 2,654 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of Itaú Unibanco by 35.9% during the first quarter. Eaton Vance Management now owns 11,245 shares of the bank’s stock worth $64,000 after purchasing an additional 2,971 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on ITUB shares. HSBC cut shares of Itaú Unibanco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Tuesday, January 16th.

Itaú Unibanco Stock Down 3.5 %

ITUB opened at $6.13 on Tuesday. The firm’s fifty day moving average price is $6.82 and its 200 day moving average price is $6.42. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 2.25. Itaú Unibanco Holding S.A. has a 12-month low of $4.85 and a 12-month high of $7.27.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Monday, February 5th. The bank reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $7.75 billion for 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%. On average, equities research analysts anticipate that Itaú Unibanco Holding S.A. will post 0.82 earnings per share for the current fiscal year.

Itaú Unibanco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 3rd will be issued a $0.003 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.04 annualized dividend and a yield of 0.59%. Itaú Unibanco’s dividend payout ratio is presently 5.88%.

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.