Sequoia Financial Advisors LLC maintained its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, Holdings Channel reports. The fund owned 13,449 shares of the company’s stock at the end of the second quarter. Sequoia Financial Advisors LLC’s holdings in Itau Unibanco Holding were worth $127,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in ITUB. BlackRock Fund Advisors raised its stake in shares of Itau Unibanco Holding by 3.9% in the first quarter. BlackRock Fund Advisors now owns 6,162,239 shares of the company’s stock worth $52,934,000 after buying an additional 231,711 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Itau Unibanco Holding during the first quarter worth about $865,000. ING Groep NV purchased a new stake in shares of Itau Unibanco Holding during the first quarter worth about $4,725,000. Lazard Asset Management LLC raised its stake in shares of Itau Unibanco Holding by 9.4% in the first quarter. Lazard Asset Management LLC now owns 1,188,586 shares of the company’s stock worth $10,209,000 after buying an additional 102,575 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of Itau Unibanco Holding by 768.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 118,100 shares of the company’s stock worth $1,014,000 after buying an additional 104,500 shares during the last quarter. 4.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Itau Unibanco Holding S.A. (NYSE:ITUB) traded up 0.99% during trading on Friday, hitting $12.20. 11,812,746 shares of the company were exchanged. The company’s 50-day moving average price is $11.20 and its 200 day moving average price is $9.83. Itau Unibanco Holding S.A. has a 12 month low of $5.48 and a 12 month high of $12.27. The stock has a market cap of $72.34 billion, a P/E ratio of 9.07 and a beta of 1.81.
Itau Unibanco Holding (NYSE:ITUB) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a net margin of 23.21% and a return on equity of 19.19%. On average, equities analysts predict that Itau Unibanco Holding S.A. will post $1.07 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, December 12th. Shareholders of record on Thursday, November 3rd will be issued a $0.0047 dividend. The ex-dividend date is Tuesday, November 1st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.46%. Itau Unibanco Holding’s dividend payout ratio (DPR) is presently 4.10%.
A number of analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 16th. Goldman Sachs Group Inc. raised Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 19th. Finally, Credit Suisse Group AG upgraded shares of Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus 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.