Aberdeen Group plc Has $903,000 Holdings in Itau Unibanco Holding S.A. $ITUB

Aberdeen Group plc lessened its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 45.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,242 shares of the bank’s stock after selling 101,024 shares during the period. Aberdeen Group plc’s holdings in Itau Unibanco were worth $903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. MAI Capital Management bought a new stake in shares of Itau Unibanco during the 2nd quarter valued at approximately $41,000. EverSource Wealth Advisors LLC boosted its position in Itau Unibanco by 332.4% in the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after buying an additional 5,355 shares in the last quarter. First Horizon Corp bought a new stake in shares of Itau Unibanco during the third quarter worth $60,000. Park Avenue Securities LLC increased its holdings in shares of Itau Unibanco by 17.5% during the third quarter. Park Avenue Securities LLC now owns 12,022 shares of the bank’s stock worth $88,000 after buying an additional 1,790 shares in the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in shares of Itau Unibanco in the 3rd quarter valued at $115,000.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $9.51 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.58 and a current ratio of 1.79. Itau Unibanco Holding S.A. has a fifty-two week low of $4.73 and a fifty-two week high of $9.60. The company has a 50 day simple moving average of $7.98 and a two-hundred day simple moving average of $7.35. The company has a market capitalization of $105.37 billion, a PE ratio of 13.51, a P/E/G ratio of 1.05 and a beta of 0.62.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings data 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 the consensus estimate of $8.98 billion. Research analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itau Unibanco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ITUB shares. JPMorgan Chase & Co. boosted their price objective on Itau Unibanco from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday. Zacks Research raised Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a report on Monday, December 29th. One research 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, the stock has a consensus rating of “Buy” and an average price target of $9.00.

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.