Bank Julius Baer & Co. Ltd Zurich Makes New $94,000 Investment in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Bank Julius Baer & Co. Ltd Zurich bought a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 17,217 shares of the bank’s stock, valued at approximately $94,000.

Several other large investors have also bought and sold shares of the company. Metis Global Partners LLC raised its holdings in Itaú Unibanco by 7.4% in the fourth quarter. Metis Global Partners LLC now owns 27,876 shares of the bank’s stock worth $138,000 after buying an additional 1,925 shares during the last quarter. Fielder Capital Group LLC raised its holdings in Itaú Unibanco by 13.2% in the fourth quarter. Fielder Capital Group LLC now owns 17,106 shares of the bank’s stock worth $85,000 after buying an additional 2,001 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Itaú Unibanco by 16.9% in the third quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank’s stock worth $103,000 after buying an additional 2,250 shares during the last quarter. Van ECK Associates Corp raised its holdings in Itaú Unibanco by 68.5% in the third quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock worth $38,000 after buying an additional 2,469 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Itaú Unibanco by 18.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 19,819 shares of the bank’s stock worth $98,000 after buying an additional 3,089 shares during the last quarter.

Wall Street Analysts Forecast Growth

ITUB has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective for the company in a report on Monday, January 13th. Finally, UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Itaú Unibanco has a consensus rating of “Buy” and a consensus target price of $6.90.

Itaú Unibanco Stock Up 0.3 %

ITUB opened at $5.65 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32. The firm has a 50 day moving average price of $5.56 and a 200-day moving average price of $5.88. Itaú Unibanco Holding S.A. has a twelve month low of $4.86 and a twelve month high of $7.04. The stock has a market capitalization of $55.33 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.89 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.46%. Equities research analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.058 per share. This is a boost from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Wednesday, February 19th. Itaú Unibanco’s dividend payout ratio is currently 2.56%.

Itaú 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.