US Bancorp DE Has $1.73 Million Stake in Itau Unibanco Holding S.A. $ITUB

US Bancorp DE decreased its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 254,789 shares of the bank’s stock after selling 15,644 shares during the quarter. US Bancorp DE’s holdings in Itau Unibanco were worth $1,730,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ITUB. Farther Finance Advisors LLC boosted its holdings in Itau Unibanco by 3,590.6% during the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock worth $29,000 after purchasing an additional 4,201 shares during the last quarter. Alta Capital Management LLC acquired a new position in Itau Unibanco during the first quarter worth $62,000. Ieq Capital LLC acquired a new position in Itau Unibanco during the first quarter worth $64,000. GAMMA Investing LLC boosted its holdings in Itau Unibanco by 114.8% during the second quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock worth $66,000 after purchasing an additional 5,167 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Itau Unibanco by 31.7% during the second quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after purchasing an additional 2,455 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $6.88 on Thursday. The stock has a market cap of $74.12 billion, a P/E ratio of 9.75, a P/E/G ratio of 1.02 and a beta of 0.84. The company has a fifty day moving average price of $7.03 and a two-hundred day moving average price of $6.56. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $7.45. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.59 and a quick ratio of 1.59.

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

Itau Unibanco Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 8th. Stockholders of record on Wednesday, August 20th were given a $0.0454 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a dividend yield of 7.9%. Itau Unibanco’s payout ratio is currently 4.23%.

Itau 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.