Itau Unibanco Holding SA (ITUB) is Thomas White International Ltd.’s 9th Largest Position

Thomas White International Ltd. cut its holdings in Itau Unibanco Holding SA (NYSE:ITUB) by 1.8% in the first quarter, Holdings Channel reports. The fund owned 1,099,912 shares of the bank’s stock after selling 20,182 shares during the quarter. Itau Unibanco makes up about 1.7% of Thomas White International Ltd.’s investment portfolio, making the stock its 9th largest position. Thomas White International Ltd.’s holdings in Itau Unibanco were worth $9,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its position in Itau Unibanco by 114.1% during the fourth quarter. FMR LLC now owns 49,177,519 shares of the bank’s stock worth $449,482,000 after acquiring an additional 26,205,101 shares during the period. Fisher Asset Management LLC raised its holdings in Itau Unibanco by 66.8% during the 4th quarter. Fisher Asset Management LLC now owns 44,341,615 shares of the bank’s stock worth $405,282,000 after purchasing an additional 17,763,695 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Itau Unibanco by 57.4% during the 4th quarter. Baillie Gifford & Co. now owns 44,377,465 shares of the bank’s stock worth $405,610,000 after purchasing an additional 16,191,708 shares during the last quarter. Bank of America Corp DE raised its holdings in Itau Unibanco by 188.5% during the 4th quarter. Bank of America Corp DE now owns 18,616,312 shares of the bank’s stock worth $170,153,000 after purchasing an additional 12,163,927 shares during the last quarter. Finally, Westwood Global Investments LLC raised its holdings in Itau Unibanco by 40.4% during the 4th quarter. Westwood Global Investments LLC now owns 39,811,896 shares of the bank’s stock worth $423,599,000 after purchasing an additional 11,450,152 shares during the last quarter. Hedge funds and other institutional investors own 4.77% of the company’s stock.

ITUB has been the subject of a number of analyst reports. Zacks Investment Research upgraded Itau Unibanco from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, January 23rd. Bank of America downgraded Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 5th. Scotiabank raised Itau Unibanco from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 26th. Finally, ValuEngine downgraded Itau Unibanco from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Seven research analysts have rated the stock with a hold rating, Itau Unibanco presently has an average rating of “Hold” and an average price target of $12.00.

Shares of NYSE ITUB traded up $0.28 during mid-day trading on Tuesday, hitting $8.17. The stock had a trading volume of 601,039 shares, compared to its average volume of 19,448,830. The company has a market cap of $76.64 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.06 and a beta of 1.00. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.33 and a quick ratio of 1.33. Itau Unibanco Holding SA has a twelve month low of $6.57 and a twelve month high of $10.80.

The business also recently declared a monthly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.0038 per share. This represents a $0.05 annualized dividend and a yield of 0.56%. The ex-dividend date is Monday, June 3rd. Itau Unibanco’s dividend payout ratio is currently 7.58%.

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Itau Unibanco Company Profile

Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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

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