Captrust Financial Advisors Buys 4,592 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Captrust Financial Advisors lifted its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 23.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,967 shares of the bank’s stock after acquiring an additional 4,592 shares during the period. Captrust Financial Advisors’ holdings in Itaú Unibanco were worth $159,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its position in Itaú Unibanco by 6.1% during the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock valued at $336,408,000 after buying an additional 2,886,508 shares in the last quarter. William Blair Investment Management LLC increased its position in Itaú Unibanco by 14.8% during the 2nd quarter. William Blair Investment Management LLC now owns 37,928,532 shares of the bank’s stock valued at $221,505,000 after buying an additional 4,888,099 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of Itaú Unibanco by 2.3% in the second 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 during the period. FMR LLC increased its holdings in shares of Itaú Unibanco by 12,592.2% in the third quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock valued at $156,171,000 after purchasing an additional 23,299,313 shares during the period. Finally, Perpetual Ltd increased its holdings in shares of Itaú Unibanco by 9.0% in the third quarter. Perpetual Ltd now owns 13,629,806 shares of the bank’s stock valued at $90,638,000 after purchasing an additional 1,126,695 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ITUB. UBS Group lowered Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. lowered their target price on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Itaú Unibanco Stock Performance

Shares of ITUB stock opened at $5.20 on Tuesday. The company has a market capitalization of $50.92 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.68 and a beta of 0.95. The business’s 50 day moving average is $5.93 and its two-hundred day moving average is $6.16. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a 12-month low of $5.17 and a 12-month high of $7.27.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be given 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 46.15%.

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.