GSA Capital Partners LLP Buys New Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

GSA Capital Partners LLP acquired a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB) in the third quarter, HoldingsChannel.com reports. The fund acquired 56,041 shares of the bank’s stock, valued at approximately $373,000.

A number of other large investors have also modified their holdings of ITUB. Capital World Investors grew its stake in Itaú Unibanco by 64.4% during the 1st quarter. Capital World Investors now owns 8,654,237 shares of the bank’s stock valued at $59,974,000 after acquiring an additional 3,390,463 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings 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 in the last quarter. Perpetual Ltd lifted its holdings in Itaú Unibanco by 9.0% during the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank’s stock worth $90,638,000 after buying an additional 1,126,695 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Itaú Unibanco by 2.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank’s stock valued at $134,606,000 after purchasing an additional 529,600 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Itaú Unibanco by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 2,917,740 shares of the bank’s stock valued at $20,220,000 after purchasing an additional 504,500 shares in the last quarter.

Itaú Unibanco Stock Performance

Shares of ITUB opened at $5.87 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28. The stock has a market cap of $57.53 billion, a P/E ratio of 7.53, a PEG ratio of 0.77 and a beta of 0.98. The company has a 50-day moving average of $6.30 and a two-hundred day moving average of $6.26. Itaú Unibanco Holding S.A. has a 12-month low of $5.62 and a 12-month high of $7.27.

Itaú Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.0031 per share. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio is currently 3.85%.

Analyst Upgrades and Downgrades

ITUB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. UBS Group downgraded shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Itaú Unibanco currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

About Itaú 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.