Creative Planning Purchases 63,920 Shares of Itau Unibanco Holding S.A. $ITUB

Creative Planning lifted its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 65.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,847 shares of the bank’s stock after purchasing an additional 63,920 shares during the period. Creative Planning’s holdings in Itau Unibanco were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. ABN Amro Investment Solutions bought a new position in Itau Unibanco in the 2nd quarter worth $2,803,000. Calamos Advisors LLC lifted its position in shares of Itau Unibanco by 67.4% in the second quarter. Calamos Advisors LLC now owns 477,001 shares of the bank’s stock valued at $3,239,000 after acquiring an additional 192,106 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Itau Unibanco by 9.1% in the second quarter. PNC Financial Services Group Inc. now owns 153,169 shares of the bank’s stock worth $1,040,000 after acquiring an additional 12,807 shares during the period. Boston Partners grew its position in shares of Itau Unibanco by 132.7% during the second quarter. Boston Partners now owns 702,240 shares of the bank’s stock worth $4,768,000 after purchasing an additional 400,399 shares in the last quarter. Finally, Vise Technologies Inc. bought a new stake in Itau Unibanco during the 2nd quarter valued at approximately $736,000.

Itau Unibanco Stock Up 1.8%

NYSE ITUB opened at $7.80 on Friday. The stock has a 50 day moving average price of $7.29 and a 200-day moving average price of $6.92. 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 company has a market capitalization of $84.05 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.10 and a beta of 0.85.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research downgraded Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on shares of Itau Unibanco from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Itau Unibanco in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.09.

About Itau Unibanco

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.