Boston Partners bought a new stake in Itau Unibanco Banco Holding SA (NYSE:ITUB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 80,529 shares of the bank’s stock, valued at approximately $1,103,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Itau Unibanco Banco Holding SA in the third quarter valued at approximately $142,000. Comerica Securities Inc. purchased a new position in shares of Itau Unibanco Banco Holding SA in the second quarter valued at approximately $117,000. Advisor Partners LLC purchased a new position in shares of Itau Unibanco Banco Holding SA in the second quarter valued at approximately $120,000. Park Avenue Securities LLC purchased a new position in shares of Itau Unibanco Banco Holding SA in the second quarter valued at approximately $137,000. Finally, Ronald Blue & Co. LLC lifted its position in shares of 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 acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 4.73% of the company’s stock.

Several equities research analysts recently commented on ITUB shares. Citigroup Inc. cut Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. ValuEngine raised Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub cut Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research cut Itau Unibanco Banco Holding SA from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Itau Unibanco Banco Holding SA currently has a consensus rating of “Hold” and a consensus price target of $12.50.

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Shares of Itau Unibanco Banco Holding SA (ITUB) opened at $13.17 on Tuesday. 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 debt-to-equity ratio of 1.57, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $84,925.61, a P/E ratio of 11.24, a P/E/G ratio of 1.42 and a beta of 1.60.

Itau Unibanco Banco Holding SA announced that its board has approved a stock repurchase plan on Thursday, August 31st that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The business also recently declared a monthly dividend, which will be paid on Friday, January 12th. Investors of record on Monday, December 4th will be issued a $0.005 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, December 1st. This is a boost from Itau Unibanco Banco Holding SA’s previous monthly dividend of $0.00. Itau Unibanco Banco Holding SA’s dividend payout ratio (DPR) is currently 5.22%.

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.

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

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