Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 176.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,730 shares of the bank’s stock after acquiring an additional 10,689 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Itaú Unibanco were worth $111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Thornburg Investment Management Inc. lifted its position in shares of Itaú Unibanco by 0.9% in the 2nd quarter. Thornburg Investment Management Inc. now owns 183,245 shares of the bank’s stock worth $1,084,000 after buying an additional 1,664 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Itaú Unibanco by 4.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,500 shares of the bank’s stock valued at $382,000 after buying an additional 2,500 shares during the period. Creative Planning increased its stake in Itaú Unibanco by 33.5% during the 3rd quarter. Creative Planning now owns 14,941 shares of the bank’s stock valued at $99,000 after buying an additional 3,753 shares during the period. Trillium Asset Management LLC grew its stake in shares of Itaú Unibanco by 0.5% in the 1st quarter. Trillium Asset Management LLC now owns 873,603 shares of the bank’s stock worth $6,054,000 after purchasing an additional 4,102 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Itaú Unibanco by 571.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,888 shares of the bank’s stock worth $48,000 after purchasing an additional 5,862 shares during the last quarter.

Itaú Unibanco Trading Up 2.4 %

NYSE:ITUB opened at $6.08 on Tuesday. Itaú Unibanco Holding S.A. has a 12 month low of $5.62 and a 12 month high of $7.27. The firm has a market cap of $59.59 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 0.78 and a beta of 0.98. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.34. The company’s 50 day moving average is $6.45 and its 200-day moving average is $6.27.

Itaú Unibanco (NYSE:ITUB) last announced its earnings results on Tuesday, August 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Itaú Unibanco had a net margin of 11.39% and a return on equity of 19.14%. The business had revenue of $16.54 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities analysts anticipate that Itaú Unibanco Holding S.A. will post 0.78 EPS for the current year.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be paid 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 3.95%.

Analyst Ratings Changes

Separately, UBS Group cut shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd.

Itaú Unibanco Company 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.