DekaBank Deutsche Girozentrale Acquires 265,000 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

DekaBank Deutsche Girozentrale raised its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 60.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 705,000 shares of the bank’s stock after acquiring an additional 265,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Itaú Unibanco were worth $4,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Itaú Unibanco by 67.0% in the first quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,755 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Itaú Unibanco by 571.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 6,888 shares of the bank’s stock valued at $48,000 after acquiring an additional 5,862 shares during the last quarter. Bessemer Group Inc. bought a new position in Itaú Unibanco in the first quarter valued at approximately $49,000. Sunpointe LLC bought a new position in Itaú Unibanco in the fourth quarter valued at approximately $72,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Itaú Unibanco in the fourth quarter valued at approximately $74,000.

Itaú Unibanco Trading Down 0.3 %

Shares of NYSE ITUB opened at $6.71 on Wednesday. Itaú Unibanco Holding S.A. has a twelve month low of $5.12 and a twelve month high of $7.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.34. The company’s fifty day moving average is $6.39 and its 200-day moving average is $6.35. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.85 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Tuesday, August 6th. The bank reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. The business had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same period last year, the business posted $0.18 earnings per share. Equities research analysts predict that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current year.

Itaú Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.0031 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. Itaú Unibanco’s payout ratio is 48.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ITUB shares. Morgan Stanley raised shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 17th. UBS Group cut shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.05.

Itaú Unibanco 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.