Blue Trust Inc. Raises Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Blue Trust Inc. increased its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 12.4% in the 4th quarter, HoldingsChannel reports. The fund owned 52,900 shares of the bank’s stock after purchasing an additional 5,845 shares during the period. Blue Trust Inc.’s holdings in Itaú Unibanco were worth $262,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Itaú Unibanco by 12,592.2% in the third quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock valued at $156,171,000 after purchasing an additional 23,299,313 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Itaú Unibanco during the 3rd quarter valued at $40,685,000. Fisher Asset Management LLC lifted its position in shares of Itaú Unibanco by 6.1% during the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock worth $336,408,000 after acquiring an additional 2,886,508 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Itaú Unibanco by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after acquiring an additional 2,604,304 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of Itaú Unibanco by 38.8% in the third quarter. Two Sigma Advisers LP now owns 6,367,875 shares of the bank’s stock valued at $42,346,000 after purchasing an additional 1,779,300 shares in the last quarter.

Itaú Unibanco Price Performance

ITUB stock opened at $5.80 on Monday. The firm has a 50 day simple moving average of $5.31 and a two-hundred day simple moving average of $5.97. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $56.80 billion, a PE ratio of 7.43, a P/E/G ratio of 0.64 and a beta of 0.95. Itaú Unibanco Holding S.A. has a one year low of $4.86 and a one year high of $7.27.

Itaú Unibanco Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 4th will be paid a $0.0029 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. Itaú Unibanco’s dividend payout ratio is presently 3.85%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ITUB shares. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective on the stock in a report on Monday, January 13th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their price objective on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Itaú Unibanco currently has a consensus rating of “Buy” and an average price target of $6.90.

Itaú Unibanco Company 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.