Itau Unibanco Holding S.A. $ITUB Shares Bought by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC lifted its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 44.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 656,761 shares of the bank’s stock after acquiring an additional 202,745 shares during the period. Itau Unibanco makes up 7.7% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 5th largest holding. Oaktree Fund Advisors LLC’s holdings in Itau Unibanco were worth $4,459,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. GQG Partners LLC boosted its holdings in Itau Unibanco by 738.6% in the 1st quarter. GQG Partners LLC now owns 77,734,889 shares of the bank’s stock valued at $427,542,000 after purchasing an additional 68,465,514 shares during the period. Fisher Asset Management LLC raised its position in shares of Itau Unibanco by 10.5% during the second quarter. Fisher Asset Management LLC now owns 61,497,171 shares of the bank’s stock valued at $417,566,000 after buying an additional 5,828,296 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Itau Unibanco by 8.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 55,852,163 shares of the bank’s stock valued at $379,236,000 after buying an additional 4,440,223 shares during the period. Orbis Allan Gray Ltd acquired a new stake in Itau Unibanco during the first quarter worth about $227,646,000. Finally, William Blair Investment Management LLC increased its stake in Itau Unibanco by 51.9% during the second quarter. William Blair Investment Management LLC now owns 29,278,462 shares of the bank’s stock valued at $198,860,000 after acquiring an additional 10,002,310 shares during the period.

Analysts Set New Price Targets

A number of brokerages have commented on ITUB. Zacks Research downgraded Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Itau Unibanco from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.09.

Itau Unibanco Price Performance

Itau Unibanco stock opened at $8.07 on Friday. The business has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $6.95. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $86.95 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.16 and a beta of 0.67. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $8.13.

Itau Unibanco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 29th. Investors of record on Thursday, December 11th will be given a dividend of $0.3502 per share. This is an increase from Itau Unibanco’s previous monthly dividend of $0.00. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 52.1%. Itau Unibanco’s dividend payout ratio is 4.17%.

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.