Candriam Luxembourg S.C.A. held its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,600 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Itau Unibanco Holding were worth $176,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in ITUB. Wellington Management Group LLP raised its stake in Itau Unibanco Holding by 3,678.5% in the first quarter. Wellington Management Group LLP now owns 8,002,786 shares of the company’s stock worth $68,743,000 after buying an additional 7,790,989 shares during the period. Orbis Allan Gray Ltd bought a new stake in Itau Unibanco Holding during the first quarter worth $67,161,000. BlackRock Fund Advisors raised its stake in 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 period. Natixis raised its stake in Itau Unibanco Holding by 322.3% in the first quarter. Natixis now owns 318,220 shares of the company’s stock worth $2,734,000 after buying an additional 242,872 shares during the period. Finally, Mariner Wealth Advisors LLC raised 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 period. 4.64% of the stock is owned by hedge funds and other institutional investors.
Itau Unibanco Holding S.A. (NYSE:ITUB) traded up 0.99% during trading on Friday, reaching $12.20. The company’s stock had a trading volume of 11,829,938 shares. The company has a market capitalization of $72.34 billion, a P/E ratio of 9.07 and a beta of 1.81. Itau Unibanco Holding S.A. has a 12-month low of $5.48 and a 12-month high of $12.27. The firm’s 50-day moving average price is $11.24 and its 200 day moving average price is $9.86.
Itau Unibanco Holding (NYSE:ITUB) last issued its earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a return on equity of 19.19% and a net margin of 23.21%. On average, analysts predict that Itau Unibanco Holding S.A. will post $1.07 earnings per share for the current fiscal year.
The company also recently announced 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. This represents a $0.06 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Tuesday, November 1st. Itau Unibanco Holding’s dividend payout ratio is 4.10%.
ITUB has been the subject of a number of analyst reports. Goldman Sachs Group Inc. raised Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. JPMorgan Chase & Co. dropped their price target on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, August 16th. Finally, Credit Suisse Group AG raised Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price 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.
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