Itaú Unibanco Holding S.A. (NYSE:ITUB) Holdings Boosted by Constellation Investimentos e Participacoes Ltda

Constellation Investimentos e Participacoes Ltda grew its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 96.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,540,200 shares of the bank’s stock after purchasing an additional 1,249,200 shares during the quarter. Itaú Unibanco makes up 12.2% of Constellation Investimentos e Participacoes Ltda’s holdings, making the stock its 3rd biggest position. Constellation Investimentos e Participacoes Ltda’s holdings in Itaú Unibanco were worth $12,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ITUB. Coldstream Capital Management Inc. raised its stake in Itaú Unibanco by 16.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank’s stock valued at $103,000 after purchasing an additional 2,250 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Itaú Unibanco by 68.5% during the third quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock worth $38,000 after buying an additional 2,469 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Itaú Unibanco by 4.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,500 shares of the bank’s stock worth $382,000 after buying an additional 2,500 shares in the last quarter. Creative Planning raised its position in shares of Itaú Unibanco by 33.5% in the third quarter. Creative Planning now owns 14,941 shares of the bank’s stock valued at $99,000 after buying an additional 3,753 shares during the last quarter. Finally, Blueshift Asset Management LLC lifted its stake in shares of Itaú Unibanco by 11.6% in the third quarter. Blueshift Asset Management LLC now owns 41,990 shares of the bank’s stock worth $279,000 after buying an additional 4,379 shares in the last quarter.

Itaú Unibanco Stock Performance

NYSE:ITUB opened at $5.34 on Friday. The company’s 50-day moving average is $5.38 and its two-hundred day moving average is $6.01. Itaú Unibanco Holding S.A. has a 1-year low of $4.86 and a 1-year high of $7.27. 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 firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.57 and a beta of 0.95.

Itaú Unibanco Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be issued a $0.0029 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is currently 3.85%.

Wall Street Analyst Weigh In

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

About Itaú Unibanco

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.