ABN Amro Investment Solutions Purchases New Shares in Itau Unibanco Holding S.A. $ITUB

ABN Amro Investment Solutions acquired a new stake in Itau Unibanco Holding S.A. (NYSE:ITUB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 412,746 shares of the bank’s stock, valued at approximately $2,803,000.

Several other institutional investors also recently bought and sold shares of ITUB. GQG Partners LLC raised its holdings in Itau Unibanco by 738.6% in the 1st quarter. GQG Partners LLC now owns 77,734,889 shares of the bank’s stock valued at $427,542,000 after acquiring an additional 68,465,514 shares during the last quarter. Orbis Allan Gray Ltd purchased a new position in Itau Unibanco in the 1st quarter valued at approximately $227,646,000. William Blair Investment Management LLC raised its position in Itau Unibanco by 51.9% in the 2nd quarter. William Blair Investment Management LLC now owns 29,278,462 shares of the bank’s stock valued at $198,860,000 after purchasing an additional 10,002,310 shares in the last quarter. Vanguard Group Inc. grew its holdings in Itau Unibanco by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 24,592,740 shares of the bank’s stock worth $135,260,000 after acquiring an additional 1,549,003 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in Itau Unibanco by 22.5% during the 1st quarter. Itau Unibanco Holding S.A. now owns 21,455,970 shares of the bank’s stock worth $114,602,000 after buying an additional 3,937,238 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Itau Unibanco in a research report on Thursday. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.18.

Itau Unibanco Stock Performance

Shares of ITUB stock opened at $7.66 on Friday. The company has a 50 day moving average price of $7.21 and a 200 day moving average price of $6.83. Itau Unibanco Holding S.A. has a one year low of $4.42 and a one year high of $7.86. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $82.53 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85.

Itau 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.