HighTower Advisors LLC Purchases 3,963 Shares of Itau Unibanco Holding S.A. $ITUB

HighTower Advisors LLC raised its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 17.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,130 shares of the bank’s stock after purchasing an additional 3,963 shares during the quarter. HighTower Advisors LLC’s holdings in Itau Unibanco were worth $149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Global Advisors LLC increased its stake in Itau Unibanco by 26.1% during the 1st quarter. Eagle Global Advisors LLC now owns 517,000 shares of the bank’s stock valued at $2,844,000 after purchasing an additional 107,000 shares in the last quarter. Todd Asset Management LLC increased its stake in Itau Unibanco by 10.5% during the 1st quarter. Todd Asset Management LLC now owns 5,802,840 shares of the bank’s stock valued at $31,916,000 after purchasing an additional 550,396 shares in the last quarter. Longfellow Investment Management Co. LLC lifted its stake in Itau Unibanco by 25.7% during the 1st quarter. Longfellow Investment Management Co. LLC now owns 409,472 shares of the bank’s stock valued at $2,252,000 after acquiring an additional 83,704 shares during the period. Nuveen LLC bought a new position in Itau Unibanco during the 1st quarter valued at about $1,048,000. Finally, Virtu Financial LLC bought a new stake in shares of Itau Unibanco in the first quarter worth approximately $1,434,000.

Itau Unibanco Trading Up 0.9%

Itau Unibanco stock opened at $7.01 on Friday. The firm has a market capitalization of $75.52 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.04 and a beta of 0.86. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.18. The firm has a 50 day moving average of $6.67 and a 200 day moving average of $6.20. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.39.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $7.14 billion during the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. 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 Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 8th. Stockholders of record on Wednesday, August 20th will be issued a $0.0454 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, August 20th. Itau Unibanco’s payout ratio is presently 4.23%.

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a “neutral” rating on shares of Itau Unibanco in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, 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.