Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 487,867 shares of the bank’s stock after acquiring an additional 4,636 shares during the period. Crossmark Global Holdings Inc.’s holdings in Itaú Unibanco were worth $2,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Itaú Unibanco in the third quarter worth $1,215,000. State Street Corp raised its holdings in shares of Itaú Unibanco by 7.4% during the 3rd quarter. State Street Corp now owns 12,522,486 shares of the bank’s stock valued at $83,899,000 after buying an additional 861,500 shares during the period. Driehaus Capital Management LLC increased its stake in Itaú Unibanco by 77.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank’s stock worth $41,549,000 after buying an additional 3,106,130 shares during the period. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 2,604,304 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Itaú Unibanco by 23.2% in the 3rd quarter. HighTower Advisors LLC now owns 25,586 shares of the bank’s stock worth $169,000 after purchasing an additional 4,823 shares during the last quarter.

Itaú Unibanco Stock Down 0.1 %

Shares of ITUB stock opened at $5.47 on Friday. The stock’s 50 day simple moving average is $5.34 and its 200 day simple moving average is $6.00. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. Itaú Unibanco Holding S.A. has a twelve month low of $4.86 and a twelve month high of $7.27. The company has a market capitalization of $53.56 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.61 and a beta of 0.95.

Itaú Unibanco Increases Dividend

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

Wall Street Analyst Weigh In

ITUB has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target for the company in a research report on Monday, January 13th. Finally, Hsbc Global Res upgraded Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $6.90.

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.