Bailard Inc. Takes Position in Itau Unibanco Holding S.A. $ITUB

Bailard Inc. bought a new stake in shares of Itau Unibanco Holding S.A. (NYSE:ITUB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 180,000 shares of the bank’s stock, valued at approximately $1,321,000.

Several other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC grew its stake in Itau Unibanco by 17.5% during the 3rd quarter. Park Avenue Securities LLC now owns 12,022 shares of the bank’s stock worth $88,000 after purchasing an additional 1,790 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Itau Unibanco by 31.7% in the 2nd 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 during the period. Alta Capital Management LLC grew its position in shares of Itau Unibanco by 24.3% during the second quarter. Alta Capital Management LLC now owns 14,025 shares of the bank’s stock worth $95,000 after buying an additional 2,740 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Itau Unibanco by 4.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 63,599 shares of the bank’s stock worth $432,000 after buying an additional 2,778 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Itau Unibanco by 10.6% during the second quarter. Metis Global Partners LLC now owns 36,711 shares of the bank’s stock worth $249,000 after buying an additional 3,512 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research upgraded shares of Itau Unibanco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Itau Unibanco from $6.80 to $7.77 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Itau Unibanco in a research note on Monday, December 29th. One 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’s stock. According to MarketBeat.com, Itau Unibanco presently has a consensus rating of “Buy” and a consensus target price of $7.77.

Itau Unibanco Trading Up 4.3%

NYSE ITUB opened at $8.20 on Friday. The firm’s fifty day moving average is $7.31 and its two-hundred day moving average is $6.94. Itau Unibanco Holding S.A. has a one year low of $4.73 and a one year high of $8.23. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $90.83 billion, a PE ratio of 11.69, a P/E/G ratio of 0.93 and a beta of 0.65.

Itau Unibanco Announces Dividend

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

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.