Caprock Group LLC Invests $614,000 in Itau Unibanco Holding S.A. $ITUB

Caprock Group LLC bought a new stake in Itau Unibanco Holding S.A. (NYSE:ITUB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 84,197 shares of the bank’s stock, valued at approximately $614,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Itau Unibanco by 11.7% during the 1st quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock valued at $2,450,000 after purchasing an additional 46,608 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Itau Unibanco by 28.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock worth $27,482,000 after purchasing an additional 1,107,607 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Itau Unibanco by 4.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 63,599 shares of the bank’s stock valued at $432,000 after buying an additional 2,778 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Itau Unibanco by 15.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 29,598 shares of the bank’s stock worth $201,000 after buying an additional 4,036 shares during the period. Finally, Yousif Capital Management LLC raised its position in Itau Unibanco by 9.3% during the 2nd quarter. Yousif Capital Management LLC now owns 63,744 shares of the bank’s stock worth $433,000 after buying an additional 5,435 shares during the last quarter.

Itau Unibanco Stock Performance

ITUB opened at $9.16 on Tuesday. Itau Unibanco Holding S.A. has a twelve month low of $4.73 and a twelve month high of $9.60. The firm has a market capitalization of $101.40 billion, a PE ratio of 13.00, a PEG ratio of 1.01 and a beta of 0.62. 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 firm’s 50-day moving average price is $7.82 and its 200 day moving average price is $7.27.

Itau Unibanco (NYSE:ITUB) last released its earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.98 billion. Itau Unibanco had a return on equity of 20.83% and a net margin of 20.64%. As a group, sell-side analysts expect that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, January 11th. Shareholders of record on Wednesday, December 2nd will be paid a $0.0032 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. Itau Unibanco’s dividend payout ratio (DPR) is 4.29%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ITUB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Itau Unibanco from $6.80 to $7.77 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Finally, Zacks Research upgraded Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $7.77.

Itau Unibanco 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.