Union Bancaire Privee UBP SA Acquires New Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Union Bancaire Privee UBP SA bought a new position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) during the 4th quarter, Holdings Channel.com reports. The firm bought 20,000 shares of the bank’s stock, valued at approximately $100,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Itaú Unibanco by 68.5% during the third quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock valued at $38,000 after acquiring an additional 2,469 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of Itaú Unibanco in the 3rd quarter valued at about $68,000. Quantinno Capital Management LP bought a new stake in shares of Itaú Unibanco during the 3rd quarter valued at about $68,000. MQS Management LLC acquired a new stake in Itaú Unibanco during the third quarter worth approximately $70,000. Finally, Raymond James Trust N.A. bought a new stake in Itaú Unibanco in the third quarter worth approximately $81,000.

Itaú Unibanco Stock Down 0.6 %

Itaú Unibanco stock opened at $5.66 on Thursday. The firm has a market capitalization of $55.42 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The firm’s fifty day moving average price is $5.31 and its two-hundred day moving average price is $5.98. 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 current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.0029 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s payout ratio is 3.85%.

Analyst Ratings Changes

A number of research firms have issued reports on ITUB. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective on the stock in a report on Monday, January 13th. Finally, UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $6.90.

Itaú Unibanco Company 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.