Natixis Advisors L.P. Has $13.30 Million Stock Holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Natixis Advisors L.P. increased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 8.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,913,360 shares of the bank’s stock after acquiring an additional 148,404 shares during the period. Natixis Advisors L.P.’s holdings in Itaú Unibanco were worth $13,297,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ITUB. SG Americas Securities LLC acquired a new stake in shares of Itaú Unibanco in the third quarter valued at about $138,000. Lindbrook Capital LLC lifted its position in shares of Itaú Unibanco by 227.8% in the 3rd quarter. Lindbrook Capital LLC now owns 5,133 shares of the bank’s stock worth $28,000 after purchasing an additional 3,567 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Itaú Unibanco in the 3rd quarter valued at $28,000. Mackenzie Financial Corp increased its position in shares of Itaú Unibanco by 55.5% during the third quarter. Mackenzie Financial Corp now owns 28,861 shares of the bank’s stock worth $148,000 after buying an additional 10,300 shares during the period. Finally, Whittier Trust Co. raised its stake in Itaú Unibanco by 28.1% during the third quarter. Whittier Trust Co. now owns 79,235 shares of the bank’s stock worth $425,000 after buying an additional 17,386 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Bank of America raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Tuesday, January 16th.

Itaú Unibanco Price Performance

Itaú Unibanco stock opened at $6.53 on Wednesday. The stock’s 50 day moving average price is $6.58 and its two-hundred day moving average price is $6.52. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.20 and a current ratio of 1.20. Itaú Unibanco Holding S.A. has a 52-week low of $5.08 and a 52-week high of $7.27.

Itaú Unibanco (NYSE:ITUB) last issued its earnings results on Monday, February 5th. The bank reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Itaú Unibanco had a net margin of 10.48% and a return on equity of 17.76%. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $8.05 billion. As a group, equities analysts forecast that Itaú Unibanco Holding S.A. will post 0.82 EPS for the current year.

Itaú Unibanco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, May 2nd. Itaú Unibanco’s payout ratio is 5.88%.

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.