Gateway Investment Advisers LLC Invests $166,000 in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Gateway Investment Advisers LLC bought a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,942 shares of the bank’s stock, valued at approximately $166,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Itaú Unibanco by 67.0% during the 1st quarter. GAMMA Investing LLC now owns 4,375 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,755 shares in the last quarter. Symmetry Partners LLC boosted its position in Itaú Unibanco by 45.8% in the 1st quarter. Symmetry Partners LLC now owns 113,848 shares of the bank’s stock valued at $789,000 after buying an additional 35,771 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Itaú Unibanco by 19.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 129,211 shares of the bank’s stock valued at $898,000 after buying an additional 21,067 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Itaú Unibanco in the 4th quarter valued at $107,000. Finally, Fisher Asset Management LLC boosted its position in Itaú Unibanco by 43.7% in the 4th quarter. Fisher Asset Management LLC now owns 52,322,490 shares of the bank’s stock valued at $363,641,000 after buying an additional 15,908,536 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 17th.

Itaú Unibanco Stock Down 1.4 %

NYSE:ITUB opened at $5.88 on Thursday. Itaú Unibanco Holding S.A. has a 12-month low of $5.12 and a 12-month high of $7.27. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $57.58 billion, a P/E ratio of 7.94, a P/E/G ratio of 0.74 and a beta of 0.98. The stock’s fifty day simple moving average is $6.15 and its 200-day simple moving average is $6.55.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings data on Monday, May 6th. The bank reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.34 billion. Itaú Unibanco had a return on equity of 18.73% and a net margin of 11.09%. Equities research analysts expect that Itaú Unibanco Holding S.A. will post 0.81 earnings per share for the current year.

Itaú Unibanco Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, June 24th will be paid a $0.0478 dividend. This is an increase from Itaú Unibanco’s previous Variable dividend of $0.00. The ex-dividend date is Monday, June 24th. Itaú Unibanco’s dividend payout ratio (DPR) is currently 51.35%.

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.