Stevens Capital Management LP Takes Position in Itau Unibanco Holding SA (ITUB)

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Stevens Capital Management LP acquired a new position in shares of Itau Unibanco Holding SA (NYSE:ITUB) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 74,217 shares of the bank’s stock, valued at approximately $654,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new position in Itau Unibanco during the first quarter worth about $140,000. Flossbach Von Storch AG boosted its position in Itau Unibanco by 180.0% during the first quarter. Flossbach Von Storch AG now owns 70,000 shares of the bank’s stock worth $617,000 after purchasing an additional 45,000 shares during the period. Parallel Advisors LLC bought a new position in Itau Unibanco during the first quarter worth about $34,000. SeaTown Holdings Pte. Ltd. bought a new position in Itau Unibanco during the first quarter worth about $4,499,000. Finally, Bristol Advisors LLC bought a new position in Itau Unibanco during the first quarter worth about $280,000. Hedge funds and other institutional investors own 4.77% of the company’s stock.

A number of equities analysts have weighed in on the stock. HSBC upgraded shares of Itau Unibanco from a “reduce” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded shares of Itau Unibanco from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Itau Unibanco from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Bank of America lowered shares of Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 5th. Seven investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $12.00.

Shares of Itau Unibanco stock traded up $0.05 on Friday, reaching $7.84. The stock had a trading volume of 11,468,313 shares, compared to its average volume of 15,603,150. Itau Unibanco Holding SA has a 1 year low of $6.57 and a 1 year high of $10.80. The company has a market cap of $77.03 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.09 and a beta of 1.00. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.52.

The company also recently declared a monthly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Tuesday, June 4th will be issued a $0.0038 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, June 3rd. Itau Unibanco’s payout ratio is 7.58%.

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About Itau Unibanco

Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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Institutional Ownership by Quarter for Itau Unibanco (NYSE:ITUB)

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