140,000 Shares in Itau Unibanco Holding S.A. $ITUB Bought by TT International Asset Management LTD

TT International Asset Management LTD bought a new position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 140,000 shares of the bank’s stock, valued at approximately $1,028,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Itau Unibanco by 3,590.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock valued at $29,000 after acquiring an additional 4,201 shares in the last quarter. MAI Capital Management purchased a new stake in Itau Unibanco in the second quarter valued at approximately $41,000. EverSource Wealth Advisors LLC lifted its position in Itau Unibanco by 332.4% during the second quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after purchasing an additional 5,355 shares during the last quarter. Ieq Capital LLC purchased a new position in Itau Unibanco in the 1st quarter worth approximately $64,000. Finally, GAMMA Investing LLC increased its holdings in shares of Itau Unibanco by 114.8% in the 2nd quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock worth $66,000 after buying an additional 5,167 shares during the last quarter.

Itau Unibanco Price Performance

ITUB stock opened at $7.47 on Tuesday. The firm has a market cap of $80.28 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.08 and a beta of 0.67. The firm’s fifty day moving average is $7.37 and its 200 day moving average is $6.99. Itau Unibanco Holding S.A. has a 52 week low of $4.42 and a 52 week high of $8.13. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.0033 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 2nd. Itau Unibanco’s dividend payout ratio (DPR) is 526.39%.

Analyst Upgrades and Downgrades

ITUB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Itau Unibanco from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research note on Monday, December 8th. Finally, Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.09.

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.