Mizuho Trust & Banking Co. Ltd. decreased its position in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 21.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,924 shares of the company’s stock after selling 52,282 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in Itau Unibanco Holding were worth $2,078,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Genesis Asset Managers LLP raised its stake in Itau Unibanco Holding by 5.2% in the third quarter. Genesis Asset Managers LLP now owns 14,587,951 shares of the company’s stock worth $163,823,000 after buying an additional 714,740 shares during the period. Harding Loevner LP raised its stake in Itau Unibanco Holding by 3.6% in the third quarter. Harding Loevner LP now owns 50,644,819 shares of the company’s stock worth $554,054,000 after buying an additional 1,745,223 shares during the period. Emerald Acquisition Ltd. bought a new stake in Itau Unibanco Holding during the second quarter worth about $155,679,000. Schroder Investment Management Group raised its stake in Itau Unibanco Holding by 39.9% in the second quarter. Schroder Investment Management Group now owns 56,448,418 shares of the company’s stock worth $532,872,000 after buying an additional 16,099,394 shares during the period. Finally, ClariVest Asset Management LLC raised its stake in Itau Unibanco Holding by 18.0% in the second quarter. ClariVest Asset Management LLC now owns 435,590 shares of the company’s stock worth $4,113,000 after buying an additional 66,400 shares during the period. 4.15% of the stock is owned by institutional investors.
Shares of Itau Unibanco Holding S.A. (NYSE:ITUB) traded down 2.39% during trading on Friday, reaching $10.21. 5,388,137 shares of the company traded hands. The stock has a market cap of $66.68 billion, a P/E ratio of 10.38 and a beta of 1.58. The stock’s 50 day moving average price is $11.06 and its 200-day moving average price is $9.59. Itau Unibanco Holding S.A. has a 12 month low of $4.98 and a 12 month high of $12.19.
The business also recently announced a dividend, which will be paid on Monday, December 5th. Stockholders 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 payout ratio is currently 5.11%.
ITUB has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Itau Unibanco Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. JPMorgan Chase & Co. reduced their price target on shares of 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Itau Unibanco Holding currently has an average rating of “Hold” and a consensus 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.