Quantbot Technologies LP boosted its stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,301 shares of the bank’s stock after purchasing an additional 134 shares during the quarter. Quantbot Technologies LP’s holdings in Itau Unibanco Banco Holding SA were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Itau Unibanco Banco Holding SA in the second quarter worth about $115,000. Comerica Securities Inc. bought a new stake in shares of Itau Unibanco Banco Holding SA in the second quarter worth about $117,000. Advisor Partners LLC bought a new stake in shares of Itau Unibanco Banco Holding SA in the second quarter worth about $120,000. Ronald Blue & Co. LLC increased its holdings in shares of Itau Unibanco Banco Holding SA by 3.5% in the second quarter. Ronald Blue & Co. LLC now owns 12,157 shares of the bank’s stock worth $134,000 after acquiring an additional 410 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of Itau Unibanco Banco Holding SA in the second quarter worth about $137,000. Institutional investors and hedge funds own 4.41% of the company’s stock.

Several equities research analysts have issued reports on ITUB shares. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Citigroup Inc. downgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. Finally, J P Morgan Chase & Co downgraded Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 price target for the company. in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.25.

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Itau Unibanco Banco Holding SA (NYSE:ITUB) opened at 13.52 on Thursday. The stock’s 50 day moving average price is $12.95 and its 200 day moving average price is $12.02. The firm has a market capitalization of $87.86 billion, a PE ratio of 11.81 and a beta of 1.60. Itau Unibanco Banco Holding SA has a 52-week low of $9.10 and a 52-week high of $14.12.

Itau Unibanco Banco Holding SA announced that its Board of Directors has approved a share repurchase plan on Thursday, August 31st that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a monthly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 3rd will be given a $0.0048 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.43%. This is a positive change from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Monday, October 2nd. Itau Unibanco Banco Holding SA’s payout ratio is presently 5.36%.

Itau Unibanco Banco Holding SA Profile

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

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

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