Deltec Asset Management LLC Purchases 49,000 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Deltec Asset Management LLC lifted its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 73.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,500 shares of the bank’s stock after purchasing an additional 49,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Itaú Unibanco were worth $573,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ITUB. Van ECK Associates Corp increased its holdings in shares of Itaú Unibanco by 68.5% in the 3rd 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 during the last quarter. Quantinno Capital Management LP bought a new position in Itaú Unibanco in the third quarter valued at $68,000. Daymark Wealth Partners LLC purchased a new stake in Itaú Unibanco during the third quarter valued at about $68,000. MQS Management LLC bought a new stake in Itaú Unibanco during the third quarter worth about $70,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Itaú Unibanco in the 4th quarter worth about $57,000.

Itaú Unibanco Trading Up 1.6 %

ITUB opened at $5.86 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a 52 week low of $4.86 and a 52 week high of $7.27. The stock has a market cap of $57.38 billion, a PE ratio of 7.51, a PEG ratio of 0.65 and a beta of 0.94. The business has a 50 day moving average of $5.30 and a 200-day moving average of $5.97.

Itaú Unibanco Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.0029 per share. The ex-dividend date of this dividend is Tuesday, March 4th. Itaú Unibanco’s dividend payout ratio (DPR) is presently 3.85%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. HSBC upgraded shares of 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 raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.