First Affirmative Financial Network Has $177,000 Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

First Affirmative Financial Network grew its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 47.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,593 shares of the bank’s stock after buying an additional 11,473 shares during the period. First Affirmative Financial Network’s holdings in Itaú Unibanco were worth $177,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its stake in Itaú Unibanco by 3.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 39,658,215 shares of the bank’s stock worth $196,705,000 after purchasing an additional 1,286,014 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Itaú Unibanco in the fourth quarter valued at approximately $57,000. Union Bancaire Privee UBP SA bought a new stake in shares of Itaú Unibanco during the fourth quarter worth $100,000. Blue Trust Inc. raised its holdings in shares of Itaú Unibanco by 12.4% during the fourth quarter. Blue Trust Inc. now owns 52,900 shares of the bank’s stock worth $262,000 after acquiring an additional 5,845 shares during the period. Finally, Perpetual Ltd lifted its position in Itaú Unibanco by 0.4% in the 4th quarter. Perpetual Ltd now owns 13,681,494 shares of the bank’s stock valued at $67,860,000 after acquiring an additional 51,688 shares in the last quarter.

Itaú Unibanco Stock Performance

Shares of NYSE ITUB opened at $5.80 on Friday. The stock has a market capitalization of $56.80 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. 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 50 day moving average price of $5.31 and a 200 day moving average price of $5.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75.

Itaú Unibanco Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be paid 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 (DPR) is currently 3.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price for the company in a report on Monday, January 13th. Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. UBS Group upgraded 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 objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $6.90.

Itaú Unibanco 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.