Vise Technologies Inc. Buys New Position in Itau Unibanco Holding S.A. $ITUB

Vise Technologies Inc. bought a new position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 108,442 shares of the bank’s stock, valued at approximately $736,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ITUB. Farther Finance Advisors LLC boosted its holdings in Itau Unibanco by 3,590.6% during the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock worth $29,000 after buying an additional 4,201 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Itau Unibanco by 114.8% in the second quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock worth $66,000 after acquiring an additional 5,167 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Itau Unibanco by 31.7% in the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock valued at $69,000 after acquiring an additional 2,455 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Itau Unibanco in the second quarter valued at $69,000. Finally, Ieq Capital LLC acquired a new position in Itau Unibanco during the first quarter valued at $64,000.

Analysts Set New Price Targets

ITUB has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Itau Unibanco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Zacks Research cut Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.18.

Itau Unibanco Stock Down 0.9%

Shares of ITUB stock opened at $7.58 on Friday. The stock’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $6.82. Itau Unibanco Holding S.A. has a twelve month low of $4.42 and a twelve month high of $7.86. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $81.67 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.10 and a beta of 0.85.

About Itau Unibanco

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.