Raymond James & Associates increased its holdings in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 51.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 295,390 shares of the bank’s stock after buying an additional 100,220 shares during the quarter. Raymond James & Associates’ holdings in Itau Unibanco were worth $2,700,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ITUB. SeaBridge Investment Advisors LLC increased its holdings in Itau Unibanco by 50.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 3,000 shares of the bank’s stock worth $27,000 after purchasing an additional 1,000 shares in the last quarter. Smithfield Trust Co. increased its holdings in Itau Unibanco by 50.0% during the 4th quarter. Smithfield Trust Co. now owns 4,457 shares of the bank’s stock worth $41,000 after purchasing an additional 1,485 shares in the last quarter. Huntington National Bank increased its holdings in Itau Unibanco by 43.8% during the 4th quarter. Huntington National Bank now owns 5,311 shares of the bank’s stock worth $49,000 after purchasing an additional 1,617 shares in the last quarter. Virtus ETF Advisers LLC increased its holdings in Itau Unibanco by 14.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 13,197 shares of the bank’s stock worth $121,000 after purchasing an additional 1,648 shares in the last quarter. Finally, WealthTrust Arizona LLC increased its holdings in Itau Unibanco by 49.1% during the 4th quarter. WealthTrust Arizona LLC now owns 5,271 shares of the bank’s stock worth $48,000 after purchasing an additional 1,735 shares in the last quarter. 4.91% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on ITUB. Zacks Investment Research cut Itau Unibanco from a “hold” rating to a “sell” rating in a report on Monday, November 26th. ValuEngine cut Itau Unibanco from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Bank of America cut Itau Unibanco from a “buy” rating to a “neutral” rating in a report on Tuesday, February 5th. Scotiabank upgraded Itau Unibanco from an “underperform” rating to a “sector perform” rating in a report on Tuesday, February 26th. Finally, HSBC cut Itau Unibanco from a “hold” rating to a “reduce” rating in a report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.00.

Shares of NYSE ITUB opened at $9.38 on Thursday. The stock has a market capitalization of $92.67 billion, a PE ratio of 14.21, a P/E/G ratio of 1.29 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.77 and a quick ratio of 1.77. Itau Unibanco Holding SA has a fifty-two week low of $6.57 and a fifty-two week high of $10.80.

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 13th. Stockholders of record on Tuesday, April 2nd will be issued a $0.0039 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, April 1st. Itau Unibanco’s payout ratio is 7.58%.

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Itau Unibanco Company Profile

Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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

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