Guggenheim Capital LLC Grows Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Guggenheim Capital LLC grew its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 44.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,425 shares of the bank’s stock after purchasing an additional 19,245 shares during the period. Guggenheim Capital LLC’s holdings in Itaú Unibanco were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in Itaú Unibanco by 117.4% in the fourth quarter. FMR LLC now owns 51,044,340 shares of the bank’s stock valued at $253,180,000 after purchasing an additional 27,559,997 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Itaú Unibanco by 75.0% in the fourth quarter. Renaissance Technologies LLC now owns 10,955,677 shares of the bank’s stock worth $54,340,000 after acquiring an additional 4,694,303 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Itaú Unibanco by 9.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,018,726 shares of the bank’s stock worth $238,173,000 after acquiring an additional 4,151,459 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Itaú Unibanco by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after acquiring an additional 2,604,304 shares in the last quarter. Finally, GQG Partners LLC boosted its holdings in Itaú Unibanco by 33.0% in the fourth quarter. GQG Partners LLC now owns 9,269,375 shares of the bank’s stock worth $45,976,000 after acquiring an additional 2,302,211 shares in the last quarter.

Itaú Unibanco Trading Up 0.2 %

Shares of ITUB opened at $6.15 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.75 and a debt-to-equity ratio of 2.32. Itaú Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $6.30. The firm has a 50-day moving average price of $5.44 and a 200 day moving average price of $5.25. The firm has a market capitalization of $66.30 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.89 and a beta of 0.65.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Thursday, February 6th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current year.

Itaú Unibanco Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.0527 per share. The ex-dividend date was Wednesday, February 19th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is 2.82%.

Analysts Set New Price Targets

ITUB has been the subject of a number of research reports. HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 target price for the company in a report on Monday, January 13th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Itaú Unibanco currently has a consensus rating of “Buy” and a consensus price target of $6.27.

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.