Itau Unibanco Holding S.A. $ITUB Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 58.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 585,013 shares of the bank’s stock after acquiring an additional 216,519 shares during the quarter. Invesco Ltd.’s holdings in Itau Unibanco were worth $3,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ITUB. Robeco Institutional Asset Management B.V. lifted its position in shares of Itau Unibanco by 5.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 41,964,629 shares of the bank’s stock worth $230,805,000 after purchasing an additional 2,306,414 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Itau Unibanco by 311.4% during the 4th quarter. Bank of America Corp DE now owns 25,584,177 shares of the bank’s stock valued at $126,898,000 after buying an additional 19,365,644 shares during the period. Vanguard Group Inc. boosted its stake in shares of Itau Unibanco by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 24,592,740 shares of the bank’s stock valued at $135,260,000 after buying an additional 1,549,003 shares during the period. Perpetual Ltd grew its holdings in shares of Itau Unibanco by 9.9% during the 1st quarter. Perpetual Ltd now owns 15,031,037 shares of the bank’s stock valued at $82,671,000 after acquiring an additional 1,349,543 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of Itau Unibanco in the fourth quarter worth $71,054,000.

Itau Unibanco Trading Up 0.2%

Shares of ITUB opened at $7.13 on Friday. The stock’s 50-day moving average price is $6.64 and its 200 day moving average price is $6.16. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $76.81 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.08 and a beta of 0.74. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.18.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $44.75 billion. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. As a group, research analysts predict that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 9th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $0.0031 per share. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, December 2nd. Itau Unibanco’s dividend payout ratio is currently 4.23%.

Wall Street Analysts Forecast Growth

Separately, UBS Group reissued a “neutral” rating on shares of Itau Unibanco in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.27.

Itau 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.