Northcape Capital Pty Ltd Acquires 643,532 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Northcape Capital Pty Ltd boosted its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,765,549 shares of the bank’s stock after acquiring an additional 643,532 shares during the period. Itaú Unibanco accounts for 7.7% of Northcape Capital Pty Ltd’s portfolio, making the stock its 4th largest position. Northcape Capital Pty Ltd owned 0.10% of Itaú Unibanco worth $48,437,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Itaú Unibanco by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,829,515 shares of the bank’s stock worth $338,016,000 after acquiring an additional 2,604,304 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Itaú Unibanco by 1.3% during the third quarter. Franklin Resources Inc. now owns 27,899,587 shares of the bank’s stock worth $174,930,000 after purchasing an additional 346,390 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Itaú Unibanco by 43.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 178,697 shares of the bank’s stock valued at $1,188,000 after buying an additional 54,172 shares during the period. Coldstream Capital Management Inc. raised its stake in Itaú Unibanco by 16.9% during the 3rd 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 period. Finally, Public Employees Retirement System of Ohio bought a new position in Itaú Unibanco during the third quarter worth about $40,685,000.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Itaú Unibanco currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Itaú Unibanco Trading Up 2.2 %

Shares of NYSE:ITUB opened at $5.18 on Wednesday. The firm has a market cap of $50.77 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.68 and a beta of 0.95. Itaú Unibanco Holding S.A. has a 12 month low of $4.86 and a 12 month high of $7.27. The company’s fifty day simple moving average is $5.54 and its 200 day simple moving average is $6.05. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.0029 per share. This is a boost from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Tuesday, February 4th. Itaú Unibanco’s dividend payout ratio is currently 2.56%.

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.