Itau Unibanco Holding SA (ITUB) Position Trimmed by Allianz Asset Management GmbH
Allianz Asset Management GmbH lowered its stake in Itau Unibanco Holding SA (NYSE:ITUB) by 90.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,435 shares of the bank’s stock after selling 416,117 shares during the period. Allianz Asset Management GmbH’s holdings in Itau Unibanco were worth $609,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC bought a new stake in Itau Unibanco in the third quarter valued at $142,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Itau Unibanco by 69.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 108,840 shares of the bank’s stock worth $1,203,000 after purchasing an additional 44,439 shares during the last quarter. Ativo Capital Management LLC raised its position in shares of Itau Unibanco by 19.1% in the 2nd quarter. Ativo Capital Management LLC now owns 214,327 shares of the bank’s stock worth $2,368,000 after purchasing an additional 34,410 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Itau Unibanco by 3.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 241,675 shares of the bank’s stock worth $2,671,000 after purchasing an additional 8,626 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Itau Unibanco by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 1,764,285 shares of the bank’s stock worth $19,495,000 after buying an additional 64,532 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.
Shares of Itau Unibanco Holding SA (NYSE ITUB) opened at $13.00 on Friday. The stock has a market capitalization of $83,492.81, a P/E ratio of 11.30, a PEG ratio of 1.39 and a beta of 1.58. Itau Unibanco Holding SA has a twelve month low of $10.02 and a twelve month high of $14.59. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.57.
The business also recently declared a None dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.004 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a yield of 0.42%. Itau Unibanco’s payout ratio is presently 34.78%.
Several equities research analysts recently commented on ITUB shares. Zacks Investment Research downgraded Itau Unibanco from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. ValuEngine downgraded Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 27th. BidaskClub downgraded Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, Deutsche Bank upgraded Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Itau Unibanco currently has a consensus rating of “Hold” and a consensus target price of $14.25.
Itau Unibanco 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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