JPMorgan Chase & Co. increased its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,123,406 shares of the company’s stock after buying an additional 570,896 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Itau Unibanco Holding worth $198,272,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Midas Management Corp acquired a new position in Itau Unibanco Holding during the second quarter valued at $1,313,000. ClariVest Asset Management LLC boosted its position in Itau Unibanco Holding by 18.0% in the second quarter. ClariVest Asset Management LLC now owns 435,590 shares of the company’s stock valued at $4,113,000 after buying an additional 66,400 shares during the period. Westwood Global Investments LLC boosted its position in Itau Unibanco Holding by 3.8% in the second quarter. Westwood Global Investments LLC now owns 24,283,744 shares of the company’s stock valued at $229,239,000 after buying an additional 880,853 shares during the period. Capital Fund Management S.A. acquired a new position in Itau Unibanco Holding during the second quarter valued at $11,627,000. Finally, American Century Companies Inc. boosted its position in Itau Unibanco Holding by 2.4% in the second quarter. American Century Companies Inc. now owns 1,398,943 shares of the company’s stock valued at $13,206,000 after buying an additional 32,883 shares during the period. Hedge funds and other institutional investors own 4.10% of the company’s stock.

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

Shares of Itau Unibanco Holding S.A. (NYSE:ITUB) opened at 10.3355 on Thursday. Itau Unibanco Holding S.A. has a 12 month low of $4.98 and a 12 month high of $12.19. The company has a market cap of $67.50 billion, a PE ratio of 10.3046 and a beta of 1.58. The firm’s 50-day moving average price is $11.05 and its 200-day moving average price is $9.62.

The business also recently announced a dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, December 5th will be paid a $0.004 dividend. The ex-dividend date of this dividend is Thursday, December 1st. Itau Unibanco Holding’s payout ratio is 5.11%.

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ITUB has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on 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. Zacks Investment Research cut Itau Unibanco Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued 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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