129,811 Shares in Itaú Unibanco Holding S.A. (NYSE:ITUB) Bought by Centiva Capital LP

Centiva Capital LP bought a new stake in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 129,811 shares of the bank's stock, valued at approximately $863,000.

A number of other hedge funds have also recently made changes to their positions in ITUB. Van ECK Associates Corp lifted its holdings in Itaú Unibanco by 68.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,071 shares of the bank's stock worth $38,000 after buying an additional 2,469 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Itaú Unibanco in the second quarter valued at approximately $65,000. Daymark Wealth Partners LLC acquired a new stake in Itaú Unibanco during the 3rd quarter valued at approximately $68,000. MQS Management LLC bought a new position in Itaú Unibanco during the 3rd quarter worth approximately $70,000. Finally, Raymond James Trust N.A. acquired a new position in Itaú Unibanco in the third quarter valued at $81,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ITUB shares. JPMorgan Chase & Co. lowered their target price on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. UBS Group lowered shares of Itaú Unibanco from a "buy" rating to a "neutral" rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $7.50.

Itaú Unibanco Stock Down 2.9 %

ITUB stock traded down $0.16 during trading on Friday, reaching $5.37. 28,905,955 shares of the stock were exchanged, compared to its average volume of 18,646,369. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28. Itaú Unibanco Holding S.A. has a twelve month low of $5.25 and a twelve month high of $7.27. The firm's 50 day moving average is $6.09 and its 200 day moving average is $6.20. The firm has a market cap of $52.63 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.70 and a beta of 0.95.

Itaú Unibanco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.0031 per share. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco's dividend payout ratio (DPR) is presently 46.15%.

About Itaú 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.