Itau Unibanco Holding SA (NYSE:ITUB) Shares Bought by NS Partners Ltd

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NS Partners Ltd boosted its stake in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 2.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 590,489 shares of the bank’s stock after acquiring an additional 14,600 shares during the period. NS Partners Ltd’s holdings in Itau Unibanco were worth $5,562,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in Itau Unibanco during the first quarter worth $140,000. Boston Common Asset Management LLC raised its position in shares of Itau Unibanco by 32.9% in the second quarter. Boston Common Asset Management LLC now owns 821,958 shares of the bank’s stock valued at $7,743,000 after buying an additional 203,585 shares during the last quarter. Northcape Capital Pty Ltd raised its position in shares of Itau Unibanco by 23.4% in the first quarter. Northcape Capital Pty Ltd now owns 4,768,870 shares of the bank’s stock valued at $42,014,000 after buying an additional 904,237 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Itau Unibanco by 1.7% in the first quarter. Parametric Portfolio Associates LLC now owns 4,639,983 shares of the bank’s stock valued at $40,878,000 after buying an additional 75,538 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new stake in shares of Itau Unibanco in the second quarter valued at about $193,000. Institutional investors own 4.49% of the company’s stock.

Shares of ITUB traded up $0.04 during mid-day trading on Tuesday, reaching $8.04. The stock had a trading volume of 995,914 shares, compared to its average volume of 20,318,946. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.73 and a quick ratio of 1.73. Itau Unibanco Holding SA has a 52-week low of $6.57 and a 52-week high of $10.80. The business’s fifty day moving average is $9.20 and its 200 day moving average is $9.03. The firm has a market cap of $78.25 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.01 and a beta of 0.93.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Monday, July 29th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. Itau Unibanco had a net margin of 15.57% and a return on equity of 18.40%. The firm had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.60 billion. As a group, sell-side analysts anticipate that Itau Unibanco Holding SA will post 0.76 EPS for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 4th will be issued a $0.004 dividend. The ex-dividend date is Tuesday, September 3rd. Itau Unibanco’s dividend payout ratio is currently 7.46%.

A number of equities research analysts have recently commented on ITUB shares. Morgan Stanley upgraded shares of Itau Unibanco from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $9.50 to $13.50 in a research report on Wednesday, August 7th. Goldman Sachs Group started coverage on shares of Itau Unibanco in a research report on Monday, June 10th. They issued a “sell” rating for the company. Zacks Investment Research upgraded shares of Itau Unibanco from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. HSBC upgraded shares of Itau Unibanco from a “reduce” rating to a “hold” rating in a research report on Friday, May 17th. Finally, ValuEngine cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.75.

Itau Unibanco Company Profile

Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

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