Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,566 shares of the bank’s stock after buying an additional 7,071 shares during the quarter. QRG Capital Management Inc.’s holdings in Itaú Unibanco were worth $695,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ITUB. BNP Paribas Financial Markets lifted its holdings in shares of Itaú Unibanco by 10.5% in the first quarter. BNP Paribas Financial Markets now owns 226,073 shares of the bank’s stock valued at $1,567,000 after buying an additional 21,446 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Itaú Unibanco in the 1st quarter valued at $388,000. Russell Investments Group Ltd. boosted its position in shares of Itaú Unibanco by 1.1% in the 1st quarter. Russell Investments Group Ltd. now owns 5,346,259 shares of the bank’s stock valued at $37,050,000 after purchasing an additional 59,497 shares during the period. William Blair Investment Management LLC boosted its position in shares of Itaú Unibanco by 191.9% in the 1st quarter. William Blair Investment Management LLC now owns 33,040,433 shares of the bank’s stock valued at $228,968,000 after purchasing an additional 21,720,091 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Itaú Unibanco by 3.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 640,355 shares of the bank’s stock valued at $4,438,000 after purchasing an additional 21,000 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group lowered Itaú Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. decreased their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Itaú Unibanco Stock Down 2.2 %

Shares of Itaú Unibanco stock opened at $6.11 on Friday. The stock has a 50-day moving average price of $6.42 and a 200 day moving average price of $6.27. The company has a market cap of $59.88 billion, a P/E ratio of 7.83, a P/E/G ratio of 0.82 and a beta of 0.98. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a 1 year low of $5.62 and a 1 year high of $7.27.

Itaú Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 2nd will be paid a $0.0031 dividend. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio is currently 3.85%.

Itaú Unibanco Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.