Boston Common Asset Management LLC Decreases Stock Position in Itau Unibanco Holding S.A. $ITUB

Boston Common Asset Management LLC reduced its holdings in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,516,338 shares of the bank’s stock after selling 217,534 shares during the quarter. Boston Common Asset Management LLC’s holdings in Itau Unibanco were worth $11,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Itau Unibanco by 11.7% in the 1st quarter. Royal Bank of Canada now owns 445,578 shares of the bank’s stock valued at $2,450,000 after purchasing an additional 46,608 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Itau Unibanco by 28.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,996,699 shares of the bank’s stock valued at $27,482,000 after acquiring an additional 1,107,607 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Itau Unibanco by 31.7% in the second quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock valued at $69,000 after buying an additional 2,455 shares in the last quarter. Farther Finance Advisors LLC grew its position in Itau Unibanco by 3,590.6% in the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock valued at $29,000 after acquiring an additional 4,201 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Itau Unibanco during the 2nd quarter worth $69,000.

Itau Unibanco Stock Performance

Itau Unibanco stock opened at $7.86 on Thursday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.58 and a quick ratio of 1.58. Itau Unibanco Holding S.A. has a 12 month low of $4.73 and a 12 month high of $7.89. The company has a fifty day moving average price of $7.29 and a two-hundred day moving average price of $6.93. The company has a market cap of $87.00 billion, a PE ratio of 11.19, a P/E/G ratio of 0.89 and a beta of 0.65.

Itau Unibanco Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, January 11th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $0.0032 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a c) annualized dividend and a dividend yield of 0.5%. Itau Unibanco’s dividend payout ratio is 4.29%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Itau Unibanco from $6.80 to $7.77 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Itau Unibanco in a research report on Monday, December 29th. Finally, Zacks Research upgraded Itau Unibanco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Itau Unibanco has a consensus rating of “Buy” and an average price target of $7.77.

About Itau Unibanco

Itaú Unibanco SA (NYSE: ITUB) is a Brazilian banking and financial services conglomerate headquartered in São Paulo. The company was formed by the merger of Banco Itaú and Unibanco in 2008 and is one of the largest private-sector banks in Brazil and among the leading banks in Latin America. Itaú Unibanco is publicly listed in Brazil and maintains an international listing on the New York Stock Exchange.

The bank offers a full range of financial products and services across retail, commercial and wholesale banking.