662,085 Shares in Itaú Unibanco Holding S.A. (NYSE:ITUB) Purchased by Haven Global Partners LLC

Haven Global Partners LLC bought a new stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 662,085 shares of the bank’s stock, valued at approximately $3,284,000. Itaú Unibanco makes up about 3.1% of Haven Global Partners LLC’s investment portfolio, making the stock its 10th largest position.

Several other large investors have also recently made changes to their positions in the business. FMR LLC raised its holdings in Itaú Unibanco by 12,592.2% in the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock worth $156,171,000 after acquiring an additional 23,299,313 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Itaú Unibanco in the third quarter worth $40,685,000. Fisher Asset Management LLC lifted its stake in Itaú Unibanco by 6.1% during the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock valued at $336,408,000 after acquiring an additional 2,886,508 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock valued at $338,016,000 after acquiring an additional 2,604,304 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Itaú Unibanco by 74.5% in the second quarter. Millennium Management LLC now owns 4,753,825 shares of the bank’s stock worth $27,762,000 after acquiring an additional 2,029,103 shares during the period.

Analysts Set New Price Targets

ITUB has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, HSBC raised Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price on the stock in a report on Monday, January 13th. 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 company presently has an average rating of “Buy” and an average price target of $6.90.

Itaú Unibanco Trading Down 0.1 %

NYSE:ITUB opened at $5.80 on Friday. Itaú Unibanco Holding S.A. has a one year low of $4.86 and a one year high of $7.27. The business has a fifty day moving average price of $5.31 and a 200-day moving average price of $5.98. The firm has a market capitalization of $56.80 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 0.64 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75.

Itaú Unibanco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders 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 an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is 3.85%.

About Itaú Unibanco

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.