Itau Unibanco Holding S.A. $ITUB Stock Holdings Increased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 839,299 shares of the bank’s stock after purchasing an additional 68,563 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Itau Unibanco were worth $6,160,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ITUB. Royal Bank of Canada increased its holdings in shares of Itau Unibanco by 11.7% in the first quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock valued at $2,450,000 after buying an additional 46,608 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Itau Unibanco by 28.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock worth $27,482,000 after acquiring an additional 1,107,607 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Itau Unibanco by 132.7% in the 2nd quarter. Savant Capital LLC now owns 34,883 shares of the bank’s stock worth $237,000 after acquiring an additional 19,892 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in shares of Itau Unibanco by 27.7% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 46,125 shares of the bank’s stock worth $313,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Itau Unibanco by 10.6% during the second quarter. Metis Global Partners LLC now owns 36,711 shares of the bank’s stock worth $249,000 after purchasing an additional 3,512 shares during the period.

Itau Unibanco Price Performance

Shares of NYSE:ITUB opened at $8.15 on Monday. The company’s fifty day moving average is $8.35 and its two-hundred day moving average is $7.51. The company has a market cap of $90.27 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.89 and a beta of 0.63. Itau Unibanco Holding S.A. has a 12-month low of $4.91 and a 12-month high of $9.60. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.

Itau Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Thursday, February 5th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company 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%. Equities analysts expect that Itau Unibanco Holding S.A. will post 0.8 earnings per share for the current fiscal year.

Itau Unibanco Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.068 per share. The ex-dividend date is Monday, March 23rd. Itau Unibanco’s dividend payout ratio is 4.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ITUB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. 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 report on Wednesday, February 18th. Finally, Zacks Research raised shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $9.00.

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.