Aviva PLC raised its holdings in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 37.8% during the 4th quarter, HoldingsChannel reports. The fund owned 84,670 shares of the bank’s stock after purchasing an additional 23,220 shares during the period. Aviva PLC’s holdings in Itau Unibanco were worth $774,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Schroder Investment Management Group grew its stake in shares of Itau Unibanco by 74.6% in the 3rd quarter. Schroder Investment Management Group now owns 47,059,436 shares of the bank’s stock valued at $516,713,000 after buying an additional 20,108,356 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Itau Unibanco by 66.8% in the 4th quarter. Fisher Asset Management LLC now owns 44,341,615 shares of the bank’s stock valued at $405,282,000 after buying an additional 17,763,695 shares in the last quarter. BlackRock Inc. grew its stake in shares of Itau Unibanco by 12.4% in the 4th quarter. BlackRock Inc. now owns 42,706,017 shares of the bank’s stock valued at $390,332,000 after buying an additional 4,712,124 shares in the last quarter. FMR LLC grew its stake in shares of Itau Unibanco by 11.1% in the 3rd quarter. FMR LLC now owns 22,972,418 shares of the bank’s stock valued at $252,237,000 after buying an additional 2,296,805 shares in the last quarter. Finally, Mondrian Investment Partners LTD grew its stake in shares of Itau Unibanco by 14.1% in the 4th quarter. Mondrian Investment Partners LTD now owns 20,180,676 shares of the bank’s stock valued at $184,451,000 after buying an additional 2,492,462 shares in the last quarter. 4.91% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the company. HSBC cut Itau Unibanco from a “hold” rating to a “reduce” rating in a research report on Tuesday, December 11th. Zacks Investment Research cut Itau Unibanco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Bank of America cut Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 5th. ValuEngine cut Itau Unibanco from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Scotiabank raised Itau Unibanco from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.00.

Shares of Itau Unibanco stock opened at $9.58 on Friday. The company has a market cap of $93.06 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.30 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 12-month low of $6.57 and a 12-month high of $10.80.

The business also recently announced a monthly dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 2nd will be given a dividend of $0.0039 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $0.05 dividend on an annualized basis and a yield of 0.48%. Itau Unibanco’s payout ratio is currently 7.58%.

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About Itau Unibanco

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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