Oaktree Capital Management LP Raises Stock Holdings in Itau Unibanco Holding S.A. $ITUB

Oaktree Capital Management LP increased its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 58.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,004,494 shares of the bank’s stock after purchasing an additional 4,063,482 shares during the quarter. Itau Unibanco accounts for approximately 1.3% of Oaktree Capital Management LP’s investment portfolio, making the stock its 15th largest holding. Oaktree Capital Management LP owned 0.10% of Itau Unibanco worth $74,721,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Itau Unibanco by 3,590.6% during the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock worth $29,000 after purchasing an additional 4,201 shares in the last quarter. MAI Capital Management acquired a new stake in Itau Unibanco in the 2nd quarter valued at approximately $41,000. EverSource Wealth Advisors LLC lifted its stake in Itau Unibanco by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock worth $47,000 after acquiring an additional 5,355 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of Itau Unibanco in the first quarter valued at approximately $64,000. Finally, GAMMA Investing LLC grew its stake in shares of Itau Unibanco by 114.8% in the second quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock worth $66,000 after acquiring an additional 5,167 shares in the last quarter.

Itau Unibanco Stock Up 1.8%

ITUB opened at $8.07 on Friday. The company has a market cap of $86.95 billion, a price-to-earnings ratio of 11.16, a PEG 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. The business’s fifty day moving average is $7.34 and its two-hundred day moving average is $6.95. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.58 and a current ratio of 1.58.

Itau Unibanco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Thursday, December 11th will be given a $0.3502 dividend. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a dividend yield of 52.1%. The ex-dividend date is Thursday, December 11th. Itau Unibanco’s dividend payout ratio (DPR) is currently 4.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ITUB shares. JPMorgan Chase & Co. raised their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday. Finally, Zacks Research downgraded shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.09.

Itau 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.