17,217 Shares in Itaú Unibanco Holding S.A. (NYSE:ITUB) Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,217 shares of the bank’s stock, valued at approximately $94,000.

A number of other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Itaú Unibanco by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after acquiring an additional 2,604,304 shares during the period. Fisher Asset Management LLC increased its position in shares of Itaú Unibanco by 6.1% in the third quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock valued at $336,408,000 after acquiring an additional 2,886,508 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Itaú Unibanco by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock valued at $196,705,000 after acquiring an additional 1,286,014 shares during the period. Franklin Resources Inc. increased its position in shares of Itaú Unibanco by 1.3% in the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank’s stock valued at $174,930,000 after acquiring an additional 346,390 shares during the period. Finally, FMR LLC increased its position in shares of Itaú Unibanco by 12,592.2% in the third quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock valued at $156,171,000 after acquiring an additional 23,299,313 shares during the period.

Itaú Unibanco Trading Up 0.3 %

Shares of ITUB opened at $5.65 on Wednesday. Itaú Unibanco Holding S.A. has a 1-year low of $4.86 and a 1-year high of $7.04. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. The firm’s 50-day moving average price is $5.56 and its 200-day moving average price is $5.88. The firm has a market capitalization of $55.33 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.89 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Sell-side analysts anticipate that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.058 per share. The ex-dividend date is Wednesday, February 19th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s payout ratio is presently 2.56%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price on the stock in a research note on Monday, January 13th. Finally, UBS Group raised shares of 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. According to data from MarketBeat, Itaú Unibanco has a consensus rating of “Buy” and an average target price 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.