Captrust Financial Advisors Grows Stock Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Captrust Financial Advisors grew its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 23.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,967 shares of the bank’s stock after buying an additional 4,592 shares during the quarter. Captrust Financial Advisors’ holdings in Itaú Unibanco were worth $159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ITUB. SG Americas Securities LLC acquired a new stake in shares of Itaú Unibanco in the second quarter valued at approximately $165,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Itaú Unibanco by 19.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,668 shares of the bank’s stock valued at $232,000 after purchasing an additional 6,412 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Itaú Unibanco by 48.4% in the second quarter. Blue Trust Inc. now owns 35,343 shares of the bank’s stock valued at $206,000 after purchasing an additional 11,519 shares during the last quarter. Wealth Advisory Solutions LLC acquired a new stake in Itaú Unibanco during the second quarter worth $83,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Itaú Unibanco by 105.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 14,172 shares of the bank’s stock worth $83,000 after acquiring an additional 7,284 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ITUB shares. JPMorgan Chase & Co. cut their target price on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. UBS Group cut Itaú Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Itaú Unibanco Trading Down 1.4 %

ITUB opened at $5.20 on Tuesday. Itaú Unibanco Holding S.A. has a 52 week low of $5.17 and a 52 week high of $7.27. The business has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $6.16. The firm has a market cap of $50.92 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.68 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, January 9th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.0031 per share. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio is currently 46.15%.

About Itaú Unibanco

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.