Creative Planning Acquires 3,753 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Creative Planning lifted its stake in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 33.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,941 shares of the bank’s stock after buying an additional 3,753 shares during the period. Creative Planning’s holdings in Itaú Unibanco were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ITUB. Capital World Investors increased its position in shares of Itaú Unibanco by 64.4% in the first quarter. Capital World Investors now owns 8,654,237 shares of the bank’s stock worth $59,974,000 after purchasing an additional 3,390,463 shares during the period. Driehaus Capital Management LLC increased its holdings in Itaú Unibanco by 77.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank’s stock valued at $41,549,000 after buying an additional 3,106,130 shares during the period. First Eagle Investment Management LLC raised its position in shares of Itaú Unibanco by 8.5% in the 1st quarter. First Eagle Investment Management LLC now owns 1,398,982 shares of the bank’s stock valued at $9,695,000 after buying an additional 109,259 shares in the last quarter. Perpetual Ltd lifted its holdings in shares of Itaú Unibanco by 9.0% during the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank’s stock worth $90,638,000 after acquiring an additional 1,126,695 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its position in shares of Itaú Unibanco by 2.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank’s stock worth $134,606,000 after acquiring an additional 529,600 shares in the last quarter.

Wall Street Analyst Weigh In

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

Itaú Unibanco Trading Down 0.8 %

NYSE ITUB opened at $6.03 on Wednesday. Itaú Unibanco Holding S.A. has a twelve month low of $5.62 and a twelve month high of $7.27. The business’s fifty day moving average is $6.41 and its 200 day moving average is $6.27. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. The company has a market cap of $59.10 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98.

Itaú Unibanco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 9th. Stockholders 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.