Harding Loevner LP raised its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,644,819 shares of the company’s stock after buying an additional 1,745,223 shares during the period. Itau Unibanco Holding accounts for approximately 4.0% of Harding Loevner LP’s investment portfolio, making the stock its 3rd largest position. Harding Loevner LP owned 0.85% of Itau Unibanco Holding worth $554,054,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Emerald Acquisition Ltd. purchased a new position in Itau Unibanco Holding during the second quarter worth approximately $155,679,000. Schroder Investment Management Group increased its stake in shares of Itau Unibanco Holding by 39.9% in the second quarter. Schroder Investment Management Group now owns 56,448,418 shares of the company’s stock worth $532,872,000 after buying an additional 16,099,394 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in shares of Itau Unibanco Holding during the first quarter worth $67,161,000. Wellington Management Group LLP increased its stake in shares of Itau Unibanco Holding by 3,678.5% in the first quarter. Wellington Management Group LLP now owns 8,002,786 shares of the company’s stock worth $68,743,000 after buying an additional 7,790,989 shares in the last quarter. Finally, Horseman Capital Management Ltd bought a new stake in shares of Itau Unibanco Holding during the second quarter worth $37,760,000. Hedge funds and other institutional investors own 4.64% of the company’s stock.

Institutional Ownership by Quarter for Itau Unibanco Holding (NYSE:ITUB)

Itau Unibanco Holding S.A. (NYSE:ITUB) traded down 1.054% on Tuesday, hitting $11.735. 4,633,767 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $11.13 and a 200-day moving average price of $9.79. Itau Unibanco Holding S.A. has a 12 month low of $5.48 and a 12 month high of $12.00. The stock has a market cap of $69.59 billion, a P/E ratio of 8.725 and a beta of 1.81.

Itau Unibanco Holding (NYSE:ITUB) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Itau Unibanco Holding had a net margin of 23.21% and a return on equity of 19.19%. Equities analysts predict that Itau Unibanco Holding S.A. will post $1.07 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Wednesday, October 5th. Investors of record on Wednesday, October 5th were paid a dividend of $0.005 per share. The ex-dividend date of this dividend was Monday, October 3rd. Itau Unibanco Holding’s dividend payout ratio (DPR) is presently 4.10%.

ITUB has been the topic of a number of recent analyst reports. Credit Suisse Group AG raised shares of Itau Unibanco Holding from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 14th. Goldman Sachs Group Inc. raised shares of Itau Unibanco Holding from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.98.

Itau Unibanco Holding Company Profile

Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.

5 Day Chart for NYSE:ITUB

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