Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Itau Unibanco Holding SA (NYSE:ITUB) by 773.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,200 shares of the bank’s stock after purchasing an additional 53,311 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Itau Unibanco were worth $783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantitative Systematic Strategies LLC acquired a new stake in Itau Unibanco in the 3rd quarter valued at $142,000. 1st Global Advisors Inc. acquired a new stake in Itau Unibanco in the 2nd quarter valued at $155,000. Sterling Capital Management LLC grew its stake in Itau Unibanco by 5.7% in the 2nd quarter. Sterling Capital Management LLC now owns 14,706 shares of the bank’s stock valued at $163,000 after acquiring an additional 792 shares during the period. Advisor Partners LLC grew its stake in Itau Unibanco by 61.0% in the 4th quarter. Advisor Partners LLC now owns 16,500 shares of the bank’s stock valued at $244,000 after acquiring an additional 6,253 shares during the period. Finally, KCS Wealth Advisory acquired a new stake in Itau Unibanco in the 4th quarter valued at $257,000. 4.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Itau Unibanco Holding SA (NYSE ITUB) opened at $16.30 on Thursday. Itau Unibanco Holding SA has a one year low of $10.02 and a one year high of $16.98. The stock has a market cap of $101,793.51, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.69 and a beta of 1.79. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.57.

The business also recently declared a monthly dividend, which will be paid on Thursday, April 12th. Investors of record on Friday, March 2nd will be paid a $0.0046 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.05 dividend on an annualized basis and a yield of 0.34%. Itau Unibanco’s dividend payout ratio is currently 5.22%.

Itau Unibanco declared that its Board of Directors has authorized a share repurchase plan on Monday, December 18th that permits the company to repurchase 28,620,000 outstanding shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. ValuEngine raised shares of Itau Unibanco from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. BidaskClub cut shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, Deutsche Bank raised shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.25.

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Itau Unibanco Company 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 (NYSE:ITUB)

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