Sei Investments Co. grew its position in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,187,403 shares of the bank’s stock after buying an additional 91,015 shares during the quarter. Sei Investments Co.’s holdings in Itau Unibanco Banco Holding SA were worth $16,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ITUB. Comerica Securities Inc. purchased a new position in Itau Unibanco Banco Holding SA in the second quarter valued at $117,000. Advisor Partners LLC purchased a new position in Itau Unibanco Banco Holding SA in the second quarter valued at $120,000. Ronald Blue & Co. LLC boosted its holdings in Itau Unibanco Banco Holding SA by 3.5% in the second quarter. Ronald Blue & Co. LLC now owns 12,157 shares of the bank’s stock valued at $134,000 after purchasing an additional 410 shares during the period. Smithfield Trust Co. boosted its holdings in Itau Unibanco Banco Holding SA by 15.4% in the second quarter. Smithfield Trust Co. now owns 12,483 shares of the bank’s stock valued at $137,000 after purchasing an additional 1,662 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Itau Unibanco Banco Holding SA in the second quarter valued at $137,000. 4.80% of the stock is owned by institutional investors and hedge funds.

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Itau Unibanco Banco Holding SA (NYSE:ITUB) opened at $12.53 on Thursday. The stock has a market capitalization of $80,562.10, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.35 and a beta of 1.60. Itau Unibanco Banco Holding SA has a fifty-two week low of $9.10 and a fifty-two week high of $14.59. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.57.

The firm also recently declared a monthly dividend, which will be paid on Friday, January 12th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.005 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.48%. This is an increase from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Friday, December 1st. Itau Unibanco Banco Holding SA’s payout ratio is 5.22%.

Itau Unibanco Banco Holding SA announced that its Board of Directors has initiated a share buyback program on Thursday, August 31st that allows the company to buyback 60,000,000 shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts recently issued reports on ITUB shares. Zacks Investment Research lowered Itau Unibanco Banco Holding SA from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. BidaskClub lowered Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. ValuEngine upgraded Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Citigroup Inc. lowered Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price 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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