Baillie Gifford & Co. Increases Holdings in Itau Unibanco Banco Holding SA (ITUB)

Baillie Gifford & Co. boosted its position in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,091,190 shares of the bank’s stock after purchasing an additional 4,924,628 shares during the period. Baillie Gifford & Co. owned about 0.43% of Itau Unibanco Banco Holding SA worth $384,849,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new position in Itau Unibanco Banco Holding SA in the third quarter worth about $142,000. Commerzbank Aktiengesellschaft FI boosted its position in Itau Unibanco Banco Holding SA by 69.0% in the second 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. DSAM Partners London Ltd purchased a new position in Itau Unibanco Banco Holding SA in the second quarter worth about $3,582,000. Ativo Capital Management LLC boosted its position in Itau Unibanco Banco Holding SA by 19.1% in the second 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. Finally, First Trust Advisors LP boosted its position in Itau Unibanco Banco Holding SA by 0.8% in the first quarter. First Trust Advisors LP now owns 26,523 shares of the bank’s stock worth $320,000 after purchasing an additional 223 shares during the last quarter. 4.50% of the stock is currently owned by institutional investors and hedge funds.

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Itau Unibanco Banco Holding SA (ITUB) traded up 0.58% on Wednesday, hitting $12.88. The stock had a trading volume of 2,312,938 shares. Itau Unibanco Banco Holding SA has a 12 month low of $9.10 and a 12 month high of $14.59. The company’s 50 day moving average is $13.78 and its 200-day moving average is $12.35. The stock has a market cap of $83.70 billion, a P/E ratio of 11.64 and a beta of 1.63.

The firm also recently declared a monthly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.0048 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.06 dividend on an annualized basis and a yield of 0.44%. Itau Unibanco Banco Holding SA’s dividend payout ratio is currently 5.36%.

Itau Unibanco Banco Holding SA declared that its Board of Directors has initiated a share repurchase program on Thursday, August 31st that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Several brokerages have issued reports on ITUB. Citigroup Inc. cut Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. J P Morgan Chase & Co cut Itau Unibanco Banco Holding SA from an “overweight” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research report on Wednesday, July 12th. ValuEngine cut Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. Finally, BidaskClub cut Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Itau Unibanco Banco Holding SA currently has an average rating of “Hold” and an average price target of $12.50.

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.

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

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