Boston Common Asset Management LLC Purchases 120,903 Shares of Itau Unibanco Holding S.A. $ITUB

Boston Common Asset Management LLC boosted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 7.5% in the 2nd quarter, Holdings Channel reports. The firm owned 1,733,872 shares of the bank’s stock after buying an additional 120,903 shares during the quarter. Boston Common Asset Management LLC’s holdings in Itau Unibanco were worth $11,773,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ITUB. GAMMA Investing LLC lifted its stake in Itau Unibanco by 442.4% in the first quarter. GAMMA Investing LLC now owns 24,750 shares of the bank’s stock worth $136,000 after purchasing an additional 20,187 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Itau Unibanco by 707.1% during the first quarter. Parallel Advisors LLC now owns 7,740 shares of the bank’s stock worth $43,000 after acquiring an additional 6,781 shares during the period. Rhumbline Advisers increased its position in shares of Itau Unibanco by 13.6% during the first quarter. Rhumbline Advisers now owns 331,474 shares of the bank’s stock worth $1,823,000 after acquiring an additional 39,776 shares during the period. First Affirmative Financial Network increased its position in shares of Itau Unibanco by 19.1% during the first quarter. First Affirmative Financial Network now owns 42,397 shares of the bank’s stock worth $233,000 after acquiring an additional 6,804 shares during the period. Finally, Handelsbanken Fonder AB purchased a new position in shares of Itau Unibanco during the first quarter worth approximately $589,000.

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $7.17 on Friday. The firm has a market cap of $77.25 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.06 and a beta of 0.84. The company’s 50 day moving average is $6.94 and its 200 day moving average is $6.49. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 2.39. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $7.45.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Tuesday, August 5th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $7.14 billion for the quarter, compared to analyst estimates of $44.75 billion. Itau Unibanco had a net margin of 14.05% and a return on equity of 19.48%. On average, sell-side analysts anticipate that Itau Unibanco Holding S.A. will post 0.8 EPS for the current fiscal year.

Itau Unibanco Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 8th. Investors of record on Wednesday, August 20th were issued a dividend of $0.0454 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This is a positive change from Itau Unibanco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a yield of 7.6%. Itau Unibanco’s dividend payout ratio is 4.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ITUB shares. UBS Group reaffirmed a “neutral” rating on shares of Itau Unibanco in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Itau Unibanco in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.27.

About Itau 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.