Migdal Insurance & Financial Holdings Ltd. decreased its stake in shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 389,599 shares of the bank’s stock after selling 181,174 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Itau Unibanco Banco Holding SA were worth $5,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ITUB. Capital Research Global Investors acquired a new position in Itau Unibanco Banco Holding SA during the 2nd quarter valued at about $222,425,000. Mondrian Investment Partners LTD acquired a new position in shares of Itau Unibanco Banco Holding SA in the 3rd quarter worth approximately $235,563,000. Fisher Asset Management LLC grew its stake in shares of Itau Unibanco Banco Holding SA by 62.9% in the 3rd quarter. Fisher Asset Management LLC now owns 19,361,308 shares of the bank’s stock worth $265,250,000 after purchasing an additional 7,472,507 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of Itau Unibanco Banco Holding SA by 21.3% in the 3rd quarter. Baillie Gifford & Co. now owns 28,091,190 shares of the bank’s stock worth $384,849,000 after purchasing an additional 4,924,628 shares during the last quarter. Finally, Capital Growth Management LP grew its stake in shares of Itau Unibanco Banco Holding SA by 508.4% in the 2nd quarter. Capital Growth Management LP now owns 5,050,000 shares of the bank’s stock worth $55,802,000 after purchasing an additional 4,220,000 shares during the last quarter. 4.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) traded down $0.07 on Friday, hitting $12.69. 13,814,101 shares of the stock traded hands, compared to its average volume of 11,449,986. The firm has a market cap of $83,102.05, a PE ratio of 11.00, a P/E/G ratio of 1.39 and a beta of 1.60. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.66 and a quick ratio of 1.53. Itau Unibanco Banco Holding SA has a 12 month low of $9.10 and a 12 month high of $14.59.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 2nd will be paid a $0.0048 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $0.06 annualized dividend and a dividend yield of 0.45%. Itau Unibanco Banco Holding SA’s dividend payout ratio is currently 5.22%.

Itau Unibanco Banco Holding SA declared that its board has authorized a stock repurchase program on Thursday, August 31st that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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ITUB has been the topic of several recent research reports. Zacks Investment Research cut shares of Itau Unibanco Banco Holding SA from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Finally, Citigroup Inc. cut shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.50.

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.

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

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