MQS Management LLC Buys Shares of 10,493 Itaú Unibanco Holding S.A. (NYSE:ITUB)

MQS Management LLC bought a new stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,493 shares of the bank’s stock, valued at approximately $70,000.

Several other institutional investors also recently bought and sold shares of the stock. Capital Research Global Investors grew its position in shares of Itaú Unibanco by 460.6% in the first quarter. Capital Research Global Investors now owns 15,262,082 shares of the bank’s stock valued at $105,766,000 after purchasing an additional 12,539,737 shares during the last quarter. Marshall Wace LLP grew its position in shares of Itaú Unibanco by 200.4% in the second quarter. Marshall Wace LLP now owns 7,679,311 shares of the bank’s stock valued at $44,847,000 after purchasing an additional 5,122,752 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Itaú Unibanco by 14.8% in the second quarter. William Blair Investment Management LLC now owns 37,928,532 shares of the bank’s stock valued at $221,505,000 after purchasing an additional 4,888,099 shares during the last quarter. Capital World Investors grew its position in shares of Itaú Unibanco by 64.4% in the first quarter. Capital World Investors now owns 8,654,237 shares of the bank’s stock valued at $59,974,000 after purchasing an additional 3,390,463 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Itaú Unibanco by 77.5% in the second quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank’s stock valued at $41,549,000 after purchasing an additional 3,106,130 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ITUB. JPMorgan Chase & Co. lowered their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. UBS Group downgraded Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.50.

Itaú Unibanco Stock Up 0.8 %

ITUB stock opened at $5.96 on Friday. Itaú Unibanco Holding S.A. has a twelve month low of $5.62 and a twelve month high of $7.27. The company has a market cap of $58.41 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. The business’s 50-day simple moving average is $6.37 and its 200 day simple moving average is $6.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 2nd will be given a dividend of $0.0031 per share. The ex-dividend date is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is presently 3.85%.

Itaú Unibanco 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.