MGO One Seven LLC Has $404,000 Holdings in Itau Unibanco Holding S.A. $ITUB

MGO One Seven LLC trimmed its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 18.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,476 shares of the bank’s stock after selling 13,564 shares during the period. MGO One Seven LLC’s holdings in Itau Unibanco were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITUB. Fielder Capital Group LLC increased its stake in shares of Itau Unibanco by 10.0% in the first quarter. Fielder Capital Group LLC now owns 18,816 shares of the bank’s stock valued at $103,000 after buying an additional 1,710 shares during the period. Flputnam Investment Management Co. lifted its stake in shares of Itau Unibanco by 10.7% in the first quarter. Flputnam Investment Management Co. now owns 19,916 shares of the bank’s stock worth $110,000 after acquiring an additional 1,930 shares during the period. Hamilton Capital LLC boosted its holdings in Itau Unibanco by 15.5% in the first quarter. Hamilton Capital LLC now owns 16,081 shares of the bank’s stock valued at $88,000 after acquiring an additional 2,163 shares during the last quarter. Parallel Advisors LLC increased its position in Itau Unibanco by 31.7% during the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock valued at $69,000 after purchasing an additional 2,455 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in Itau Unibanco by 21.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,890 shares of the bank’s stock worth $76,000 after purchasing an additional 2,468 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ITUB shares. Zacks Research raised shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Itau Unibanco in a report on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating on shares of Itau Unibanco in a report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Itau Unibanco currently has a consensus rating of “Buy” and a consensus price target of $6.27.

Itau Unibanco Stock Up 1.2%

Itau Unibanco stock opened at $6.94 on Friday. The company has a market capitalization of $74.82 billion, a PE ratio of 9.84, a PEG ratio of 1.03 and a beta of 0.84. The firm’s fifty day moving average is $7.03 and its 200 day moving average is $6.58. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.45.

Itau Unibanco (NYSE:ITUB) last issued its earnings results on Tuesday, August 5th. The bank reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $7.14 billion during the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a return on equity of 19.48% and a net margin of 14.05%. As a group, sell-side analysts predict that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.0454 per share. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. The ex-dividend date was Wednesday, August 20th. This represents a c) dividend on an annualized basis and a yield of 7.8%. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.23%.

Itau 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.