Campbell & CO Investment Adviser LLC purchased a new stake in Itau Unibanco Holding SA (NYSE:ITUB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 95,346 shares of the bank’s stock, valued at approximately $379,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Baldwin Brothers Inc. MA increased its stake in shares of Itau Unibanco by 16.1% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 18,010 shares of the bank’s stock valued at $84,000 after purchasing an additional 2,500 shares during the last quarter. SG3 Management LLC bought a new position in shares of Itau Unibanco in the 2nd quarter valued at $26,000. Cornerstone Advisors Inc. increased its stake in shares of Itau Unibanco by 29.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 25,785 shares of the bank’s stock valued at $121,000 after purchasing an additional 5,882 shares during the last quarter. Evolution Wealth Advisors LLC bought a new position in shares of Itau Unibanco in the 2nd quarter valued at $28,000. Finally, HighTower Advisors LLC increased its stake in shares of Itau Unibanco by 33.3% in the 2nd quarter. HighTower Advisors LLC now owns 24,619 shares of the bank’s stock valued at $115,000 after purchasing an additional 6,155 shares during the last quarter. Institutional investors own 3.43% of the company’s stock.
Separately, ValuEngine lowered Itau Unibanco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.83.
Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Monday, August 3rd. The bank reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $5.57 billion. Itau Unibanco had a return on equity of 15.43% and a net margin of 10.11%. As a group, equities research analysts expect that Itau Unibanco Holding SA will post 0.36 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.0027 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $0.03 dividend on an annualized basis and a yield of 0.79%. Itau Unibanco’s dividend payout ratio is currently 4.23%.
About Itau Unibanco
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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