Sumitomo Mitsui Asset Management Company LTD Has $1.16 Million Position in Itau Unibanco Banco Holding SA (ITUB)

Sumitomo Mitsui Asset Management Company LTD raised its position in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 374.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,588 shares of the bank’s stock after buying an additional 66,751 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Itau Unibanco Banco Holding SA were worth $1,158,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D boosted its holdings in Itau Unibanco Banco Holding SA by 3.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,183,479 shares of the bank’s stock valued at $16,214,000 after purchasing an additional 40,386 shares during the period. Aperio Group LLC raised its position in Itau Unibanco Banco Holding SA by 5.4% in the 3rd quarter. Aperio Group LLC now owns 576,509 shares of the bank’s stock worth $7,898,000 after purchasing an additional 29,550 shares during the period. First Trust Advisors LP raised its position in Itau Unibanco Banco Holding SA by 10.1% in the 3rd quarter. First Trust Advisors LP now owns 173,530 shares of the bank’s stock worth $2,377,000 after purchasing an additional 15,959 shares during the period. Nationwide Fund Advisors raised its position in Itau Unibanco Banco Holding SA by 156.4% in the 3rd quarter. Nationwide Fund Advisors now owns 243,730 shares of the bank’s stock worth $3,339,000 after purchasing an additional 148,660 shares during the period. Finally, GRATRY & Co LLC increased its position in shares of Itau Unibanco Banco Holding SA by 54.1% in the third quarter. GRATRY & Co LLC now owns 31,352 shares of the bank’s stock valued at $430,000 after acquiring an additional 11,002 shares during the period. 4.50% of the stock is owned by hedge funds and other institutional investors.

Shares of Itau Unibanco Banco Holding SA (ITUB) opened at $12.65 on Monday. The firm has a market cap of $82,385.66, a PE ratio of 10.90, a PEG ratio of 1.40 and a beta of 1.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.53 and a current ratio of 1.53. Itau Unibanco Banco Holding SA has a 52 week low of $9.10 and a 52 week high of $14.59.

The business also recently announced a monthly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 2nd will be paid a dividend of $0.0048 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Wednesday, November 1st. Itau Unibanco Banco Holding SA’s payout ratio is 5.22%.

Itau Unibanco Banco Holding SA announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 31st that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

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A number of equities analysts have issued reports on ITUB shares. ValuEngine upgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub cut shares of Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Citigroup Inc. cut shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co lowered shares of 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 note on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company 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.

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

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