Quantbot Technologies LP cut its stake in Itau Unibanco Holding S.A. (NYSE:ITUB) by 90.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,677 shares of the company’s stock after selling 143,002 shares during the period. Quantbot Technologies LP’s holdings in Itau Unibanco Holding were worth $171,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James & Associates purchased a new stake in Itau Unibanco Holding during the second quarter worth approximately $112,000. Global X Management Co. LLC boosted its stake in Itau Unibanco Holding by 31.2% in the second quarter. Global X Management Co. LLC now owns 12,201 shares of the company’s stock worth $115,000 after buying an additional 2,898 shares during the period. Atria Investments LLC purchased a new stake in Itau Unibanco Holding during the second quarter worth approximately $137,000. BOKF NA boosted its stake in Itau Unibanco Holding by 3.2% in the second quarter. BOKF NA now owns 15,525 shares of the company’s stock worth $146,000 after buying an additional 476 shares during the period. Finally, Advisor Group Inc. purchased a new stake in Itau Unibanco Holding during the second quarter worth approximately $165,000. Hedge funds and other institutional investors own 4.15% of the company’s stock.
Itau Unibanco Holding S.A. (NYSE:ITUB) traded down 2.39% during mid-day trading on Friday, reaching $10.21. The company’s stock had a trading volume of 5,388,137 shares. The stock has a 50-day moving average price of $11.06 and a 200-day moving average price of $9.59. Itau Unibanco Holding S.A. has a one year low of $4.98 and a one year high of $12.19. The company has a market capitalization of $66.68 billion, a price-to-earnings ratio of 10.38 and a beta of 1.58.
The business also recently announced a dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, December 5th will be given a dividend of $0.004 per share. The ex-dividend date is Thursday, December 1st. Itau Unibanco Holding’s dividend payout ratio (DPR) is presently 5.11%.
ITUB has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Itau Unibanco Holding from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. Zacks Investment Research cut Itau Unibanco Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $9.98.
About Itau Unibanco Holding
Itau Unibanco Holding SA (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. It is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange operations and other complementary activities.