Trillium Asset Management LLC increased its stake in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 36.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 562,500 shares of the bank’s stock after buying an additional 150,000 shares during the quarter. Trillium Asset Management LLC’s holdings in Itau Unibanco were worth $2,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Checchi Capital Advisers LLC grew its holdings in shares of Itau Unibanco by 37.7% during the first quarter. Checchi Capital Advisers LLC now owns 43,882 shares of the bank’s stock valued at $197,000 after buying an additional 12,012 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Itau Unibanco by 9.2% during the first quarter. Russell Investments Group Ltd. now owns 8,939,831 shares of the bank’s stock valued at $40,384,000 after buying an additional 756,808 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Itau Unibanco by 91.5% during the first quarter. Bank of New York Mellon Corp now owns 114,024 shares of the bank’s stock valued at $512,000 after purchasing an additional 54,476 shares during the period. Schafer Cullen Capital Management Inc lifted its position in Itau Unibanco by 11.3% during the first quarter. Schafer Cullen Capital Management Inc now owns 936,929 shares of the bank’s stock valued at $4,207,000 after purchasing an additional 95,123 shares during the period. Finally, Vontobel Asset Management Inc. lifted its position in Itau Unibanco by 13.2% during the first quarter. Vontobel Asset Management Inc. now owns 43,181,515 shares of the bank’s stock valued at $191,860,000 after purchasing an additional 5,027,763 shares during the period. 5.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on ITUB. ValuEngine upgraded shares of Itau Unibanco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 6th. Goldman Sachs Group upgraded shares of Itau Unibanco from a “sell” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Monday, April 6th. UBS Group upgraded shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Itau Unibanco from $9.50 to $6.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Itau Unibanco has an average rating of “Hold” and an average price target of $8.63.

Shares of ITUB stock traded down $0.13 on Friday, reaching $3.75. 30,502,568 shares of the company were exchanged, compared to its average volume of 33,835,176. The company has a market cap of $38.78 billion, a price-to-earnings ratio of 6.25 and a beta of 0.88. The business has a 50-day moving average price of $4.21 and a 200 day moving average price of $7.03. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.71 and a current ratio of 1.71. Itau Unibanco Holding SA has a 1 year low of $3.48 and a 1 year high of $10.01.

The business also recently announced a monthly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.003 per share. The ex-dividend date is Friday, May 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.95%. Itau Unibanco’s dividend payout ratio is currently 5.63%.

Itau Unibanco Profile

Ita├║ 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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