GAMMA Investing LLC Raises Stake in Itau Unibanco Holding S.A. $ITUB

GAMMA Investing LLC boosted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 114.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,667 shares of the bank’s stock after buying an additional 5,167 shares during the period. GAMMA Investing LLC’s holdings in Itau Unibanco were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Fielder Capital Group LLC boosted its position in Itau Unibanco by 10.0% in the 1st quarter. Fielder Capital Group LLC now owns 18,816 shares of the bank’s stock worth $103,000 after purchasing an additional 1,710 shares in the last quarter. Flputnam Investment Management Co. boosted its position in Itau Unibanco by 10.7% in the 1st quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank’s stock worth $110,000 after purchasing an additional 1,930 shares in the last quarter. Union Bancaire Privee UBP SA boosted its position in Itau Unibanco by 10.0% in the 1st quarter. Union Bancaire Privee UBP SA now owns 22,000 shares of the bank’s stock worth $121,000 after purchasing an additional 2,000 shares in the last quarter. Hamilton Capital LLC boosted its position in Itau Unibanco by 15.5% in the 1st quarter. Hamilton Capital LLC now owns 16,081 shares of the bank’s stock worth $88,000 after purchasing an additional 2,163 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Itau Unibanco by 31.7% in the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after purchasing an additional 2,455 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Itau Unibanco in a research report on Saturday, September 27th. UBS Group restated a “neutral” rating on shares of Itau Unibanco in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.27.

Itau Unibanco Stock Up 0.6%

NYSE ITUB opened at $7.17 on Friday. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $7.45. The company has a market cap of $77.25 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.06 and a beta of 0.84. The business has a fifty day moving average price of $6.94 and a 200 day moving average price of $6.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%.The business had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $44.75 billion. Research analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were paid a $0.0454 dividend. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. Itau Unibanco’s dividend payout ratio is 4.23%.

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.