GSA Capital Partners LLP Invests $373,000 in Itaú Unibanco Holding S.A. (NYSE:ITUB)

GSA Capital Partners LLP purchased a new position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 56,041 shares of the bank’s stock, valued at approximately $373,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Thornburg Investment Management Inc. grew its stake in shares of Itaú Unibanco by 0.9% in the second quarter. Thornburg Investment Management Inc. now owns 183,245 shares of the bank’s stock worth $1,084,000 after purchasing an additional 1,664 shares during the last quarter. Van ECK Associates Corp increased its holdings in Itaú Unibanco by 68.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank’s stock valued at $38,000 after purchasing an additional 2,469 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings 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 purchasing an additional 2,500 shares during the period. Creative Planning increased its holdings 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 purchasing an additional 3,753 shares during the period. Finally, Baker Avenue Asset Management LP increased its holdings in Itaú Unibanco by 1.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 303,181 shares of the bank’s stock valued at $2,016,000 after purchasing an additional 4,485 shares during the period.

Itaú Unibanco Trading Down 1.5 %

Shares of Itaú Unibanco stock opened at $5.87 on Friday. The firm has a market cap of $57.53 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.77 and a beta of 0.98. The business has a 50-day moving average price of $6.30 and a 200-day moving average price of $6.26. 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 Holding S.A. has a twelve month low of $5.62 and a twelve month high of $7.27.

Itaú Unibanco Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on ITUB. JPMorgan Chase & Co. cut their price target 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. UBS Group downgraded Itaú Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.50.

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.