Signaturefd LLC Boosts Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Signaturefd LLC grew its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 4,000.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,260 shares of the bank’s stock after buying an additional 11,961 shares during the period. Signaturefd LLC’s holdings in Itaú Unibanco were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP acquired a new position in Itaú Unibanco during the third quarter valued at approximately $68,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Itaú Unibanco during the 4th quarter valued at $57,000. Raymond James Trust N.A. purchased a new stake in Itaú Unibanco during the 3rd quarter worth $81,000. Freedom Investment Management Inc. acquired a new stake in Itaú Unibanco in the 3rd quarter valued at $90,000. Finally, Coldstream Capital Management Inc. raised its position in Itaú Unibanco by 16.9% in the third quarter. Coldstream Capital Management Inc. now owns 15,556 shares of the bank’s stock valued at $103,000 after purchasing an additional 2,250 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ITUB shares. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. Finally, HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.18 target price on the stock in a research report on Monday, January 13th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $6.27.

Itaú Unibanco Trading Down 1.0 %

Shares of ITUB opened at $5.61 on Tuesday. Itaú Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $6.35. The stock has a 50-day moving average price of $5.23 and a 200 day moving average price of $5.31. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. The company has a market capitalization of $60.43 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.89 and a beta of 0.97.

Itaú Unibanco (NYSE:ITUB) last released its quarterly earnings results on Thursday, February 6th. The bank reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Sell-side analysts forecast that Itaú Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itaú Unibanco Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were given a $0.0527 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s payout ratio is presently 2.82%.

Itaú 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.