Mackenzie Financial Corp Has $287,000 Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Mackenzie Financial Corp increased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 43.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,341 shares of the bank’s stock after purchasing an additional 12,480 shares during the period. Mackenzie Financial Corp’s holdings in Itaú Unibanco were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new position in shares of Itaú Unibanco in the 4th quarter valued at about $36,000. Sapient Capital LLC acquired a new position in Itaú Unibanco during the fourth quarter worth approximately $186,000. Raymond James & Associates raised its stake in Itaú Unibanco by 7.1% in the fourth quarter. Raymond James & Associates now owns 341,799 shares of the bank’s stock valued at $2,376,000 after buying an additional 22,726 shares during the period. Trexquant Investment LP acquired a new stake in shares of Itaú Unibanco in the third quarter valued at approximately $3,083,000. Finally, Caprock Group LLC boosted its stake in shares of Itaú Unibanco by 25.4% during the 4th quarter. Caprock Group LLC now owns 26,652 shares of the bank’s stock worth $187,000 after acquiring an additional 5,401 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ITUB shares. HSBC cut Itaú Unibanco from a “buy” rating to a “hold” rating in a research note 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 price objective on the stock in a research report on Tuesday, January 16th.

Itaú Unibanco Price Performance

Itaú Unibanco stock opened at $6.30 on Friday. The company has a market capitalization of $61.74 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.78 and a beta of 0.92. The company has a current ratio of 1.59, a quick ratio of 1.58 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. The stock’s 50 day moving average is $6.68 and its 200-day moving average is $6.47.

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

Itaú Unibanco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.003 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.57%. Itaú Unibanco’s payout ratio is presently 4.41%.

About Itaú Unibanco

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.