Trillium Asset Management LLC continued to hold its stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, Holdings Channel reports. The firm owned 250,700 shares of the company’s stock at the end of the second quarter. Trillium Asset Management LLC’s holdings in Itau Unibanco Holding were worth $2,367,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Itau Unibanco Holding by 3,678.5% in the first quarter. Wellington Management Group LLP now owns 8,002,786 shares of the company’s stock worth $68,743,000 after buying an additional 7,790,989 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in Itau Unibanco Holding during the first quarter worth $67,161,000. BlackRock Fund Advisors boosted its stake in Itau Unibanco Holding by 3.9% in the first quarter. BlackRock Fund Advisors now owns 6,162,239 shares of the company’s stock worth $52,934,000 after buying an additional 231,711 shares in the last quarter. Mariner Wealth Advisors LLC boosted its stake in Itau Unibanco Holding by 88.5% in the first quarter. Mariner Wealth Advisors LLC now owns 27,325 shares of the company’s stock worth $235,000 after buying an additional 12,826 shares in the last quarter. Finally, Natixis boosted its stake in Itau Unibanco Holding by 322.3% in the first quarter. Natixis now owns 318,220 shares of the company’s stock worth $2,734,000 after buying an additional 242,872 shares in the last quarter. Institutional investors and hedge funds own 4.64% of the company’s stock.
Itau Unibanco Holding S.A. (NYSE:ITUB) traded up 1.11% during trading on Friday, hitting $11.83. The company had a trading volume of 12,523,906 shares. The company’s 50 day moving average price is $11.11 and its 200-day moving average price is $9.75. The company has a market cap of $70.15 billion, a PE ratio of 8.89 and a beta of 1.81. Itau Unibanco Holding S.A. has a 12 month low of $5.48 and a 12 month high of $11.91.
Itau Unibanco Holding (NYSE:ITUB) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Itau Unibanco Holding had a net margin of 23.21% and a return on equity of 19.19%. Equities analysts expect that Itau Unibanco Holding S.A. will post $1.07 earnings per share for the current year.
The firm also recently declared a dividend, which was paid on Wednesday, October 5th. Investors of record on Wednesday, October 5th were given a dividend of $0.005 per share. The ex-dividend date of this dividend was Monday, October 3rd. Itau Unibanco Holding’s dividend payout ratio (DPR) is 4.10%.
ITUB has been the topic of several research reports. Credit Suisse Group AG raised Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a report on Thursday, July 14th. Goldman Sachs Group Inc. raised Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.98.
Itau Unibanco Holding Company Profile
Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.