Boston Common Asset Management LLC Has $17.63 Million Holdings in Itau Unibanco Holding S.A. $ITUB

Boston Common Asset Management LLC lifted its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 62.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,461,883 shares of the bank’s stock after acquiring an additional 945,545 shares during the period. Boston Common Asset Management LLC’s holdings in Itau Unibanco were worth $17,627,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ITUB. MAI Capital Management acquired a new position in Itau Unibanco in the 2nd quarter worth $41,000. EverSource Wealth Advisors LLC raised its stake in shares of Itau Unibanco by 332.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after purchasing an additional 5,355 shares during the period. Community Bank N.A. bought a new stake in shares of Itau Unibanco in the third quarter valued at about $57,000. First Horizon Corp bought a new stake in shares of Itau Unibanco in the third quarter valued at about $60,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Itau Unibanco by 486.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,966 shares of the bank’s stock worth $66,000 after buying an additional 7,436 shares during the period.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research downgraded Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. JPMorgan Chase & Co. boosted their target price on Itau Unibanco from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Itau Unibanco Price Performance

Shares of ITUB opened at $7.88 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.58 and a debt-to-equity ratio of 2.61. The company’s fifty day simple moving average is $8.60 and its 200 day simple moving average is $7.66. Itau Unibanco Holding S.A. has a 1-year low of $4.97 and a 1-year high of $9.60. The company has a market cap of $87.23 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.86 and a beta of 0.63.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings results on Thursday, February 5th. The bank reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Itau Unibanco had a net margin of 20.64% and a return on equity of 20.83%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.98 billion. On average, research analysts forecast that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, March 23rd will be paid a $0.068 dividend. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s dividend payout ratio (DPR) is 4.29%.

Itau Unibanco Company Profile

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.