Itau Unibanco Holding S.A. $ITUB Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 39.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,624,188 shares of the bank’s stock after buying an additional 16,339,845 shares during the period. Itau Unibanco makes up 0.6% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 22nd biggest position. Robeco Institutional Asset Management B.V. owned 0.53% of Itau Unibanco worth $422,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITUB. Farther Finance Advisors LLC raised its stake in shares of Itau Unibanco by 3,590.6% during the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock valued at $29,000 after purchasing an additional 4,201 shares during the period. MAI Capital Management acquired a new position in shares of Itau Unibanco in the second quarter worth about $41,000. EverSource Wealth Advisors LLC grew its stake in Itau Unibanco by 332.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,966 shares of the bank’s stock valued at $47,000 after purchasing an additional 5,355 shares in the last quarter. GAMMA Investing LLC increased its holdings in Itau Unibanco by 114.8% during the 2nd quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock worth $66,000 after purchasing an additional 5,167 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Itau Unibanco by 31.7% during the second quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after buying an additional 2,455 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ITUB shares. JPMorgan Chase & Co. increased their price target on shares of Itau Unibanco from $6.80 to $7.77 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Zacks Research downgraded shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.88.

Itau Unibanco Stock Up 2.0%

ITUB opened at $7.38 on Tuesday. The stock’s fifty day moving average is $7.25 and its 200-day moving average is $6.86. Itau Unibanco Holding S.A. has a one year low of $4.40 and a one year high of $7.89. The company has a market capitalization of $81.69 billion, a PE ratio of 10.51, a P/E/G ratio of 0.97 and a beta of 0.65. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.58 and a current ratio of 1.58.

Itau Unibanco Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.0032 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. Itau Unibanco’s payout ratio is 502.86%.

Itau Unibanco Profile

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.