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

Vise Technologies Inc. bought a new position in Itau Unibanco Holding S.A. (NYSE:ITUB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 108,442 shares of the bank’s stock, valued at approximately $736,000.

Several other institutional investors and hedge funds have also made changes to their positions in ITUB. Bank of New York Mellon Corp lifted its holdings in Itau Unibanco by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 179,022 shares of the bank’s stock worth $985,000 after buying an additional 11,376 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Itau Unibanco by 15.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,215,961 shares of the bank’s stock worth $6,688,000 after buying an additional 163,899 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Itau Unibanco during the 1st quarter valued at $106,000. Cerity Partners LLC raised its stake in shares of Itau Unibanco by 4.1% in the 1st quarter. Cerity Partners LLC now owns 68,922 shares of the bank’s stock valued at $379,000 after purchasing an additional 2,694 shares in the last quarter. Finally, Xponance Inc. acquired a new position in Itau Unibanco in the first quarter worth about $94,000.

Analyst Ratings Changes

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

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $7.58 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.59 and a quick ratio of 1.59. Itau Unibanco Holding S.A. has a 12-month low of $4.42 and a 12-month high of $7.86. The business has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $6.82. The firm has a market capitalization of $81.67 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85.

Itau Unibanco Company Profile

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.