ClariVest Asset Management LLC raised its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 18.0% during the second quarter, Holdings Channel reports. The fund owned 435,590 shares of the company’s stock after buying an additional 66,400 shares during the period. ClariVest Asset Management LLC’s holdings in Itau Unibanco Holding were worth $4,113,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Atria Investments LLC acquired a new stake in Itau Unibanco Holding during the second quarter worth $137,000. Independent Portfolio Consultants Inc. boosted its stake in Itau Unibanco Holding by 2.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 23,485 shares of the company’s stock worth $222,000 after buying an additional 465 shares during the last quarter. Mariner Wealth Advisors LLC boosted its stake in Itau Unibanco Holding by 88.5% in the first quarter. Mariner Wealth Advisors LLC now owns 27,325 shares of the company’s stock worth $235,000 after buying an additional 12,826 shares during the last quarter. Rockefeller Financial Services Inc. boosted its stake in Itau Unibanco Holding by 3.6% in the second quarter. Rockefeller Financial Services Inc. now owns 57,132 shares of the company’s stock worth $539,000 after buying an additional 1,969 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Itau Unibanco Holding during the first quarter worth $865,000. 4.64% of the stock is currently owned by institutional investors and hedge funds.
Itau Unibanco Holding S.A. (NYSE:ITUB) traded up 1.11% during trading on Friday, reaching $11.83. 12,523,686 shares of the company’s stock were exchanged. Itau Unibanco Holding S.A. has a 52-week low of $5.48 and a 52-week high of $11.91. The stock’s 50 day moving average price is $11.10 and its 200 day moving average price is $9.73. The firm has a market cap of $70.15 billion, a P/E ratio of 8.89 and a beta of 1.81.
Itau Unibanco Holding (NYSE:ITUB) last posted its earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Itau Unibanco Holding had a net margin of 23.21% and a return on equity of 19.19%. Equities research analysts anticipate that Itau Unibanco Holding S.A. will post $1.07 EPS for the current fiscal year.
The business also recently announced a dividend, which was paid on Wednesday, October 5th. Stockholders of record on Wednesday, October 5th were paid a dividend of $0.005 per share. The ex-dividend date was Monday, October 3rd. Itau Unibanco Holding’s dividend payout ratio is presently 4.10%.
A number of analysts recently weighed in on the stock. Credit Suisse Group AG raised shares of Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. JPMorgan Chase & Co. lowered their target price on shares of Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 16th. Finally, Goldman Sachs Group Inc. raised shares of Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Itau Unibanco Holding presently has a consensus rating of “Hold” and an average price target of $9.98.
About Itau Unibanco Holding
Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.
Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itau Unibanco Holding S.A. (NYSE:ITUB).
Receive News & Ratings for Itau Unibanco Holding S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco Holding S.A. and related companies with MarketBeat.com's FREE daily email newsletter.