DSAM Partners London Ltd grew its stake in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 403,749 shares of the bank’s stock after buying an additional 79,600 shares during the quarter. DSAM Partners London Ltd’s holdings in Itau Unibanco Banco Holding SA were worth $5,531,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ITUB. Virtu Financial LLC bought a new position in shares of Itau Unibanco Banco Holding SA during the second quarter valued at about $115,000. Comerica Securities Inc. bought a new position in shares of Itau Unibanco Banco Holding SA during the second quarter valued at about $117,000. Advisor Partners LLC bought a new position in shares of Itau Unibanco Banco Holding SA during the second quarter valued at about $120,000. Ronald Blue & Co. LLC grew its stake in shares of Itau Unibanco Banco Holding SA by 3.5% during the second quarter. Ronald Blue & Co. LLC now owns 12,157 shares of the bank’s stock valued at $134,000 after buying an additional 410 shares during 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. 4.50% of the stock is currently owned by hedge funds and other institutional investors.

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The company also recently declared a monthly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.0048 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.06 annualized dividend and a yield of 0.45%. Itau Unibanco Banco Holding SA’s payout ratio is 5.36%.

Itau Unibanco Banco Holding SA declared that its Board of Directors has approved a share buyback program on Thursday, August 31st that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

ITUB has been the topic of several recent analyst reports. ValuEngine raised Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Citigroup Inc. cut Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. J P Morgan Chase & Co cut Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research note on Wednesday, July 12th. Finally, BidaskClub cut Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Itau Unibanco Banco Holding SA Company 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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