B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 1,010,846 Itaú Unibanco Holding S.A. (NYSE:ITUB)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,010,846 shares of the bank's stock, valued at approximately $6,722,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ITUB. Capital Research Global Investors increased its holdings in Itaú Unibanco by 460.6% in the 1st quarter. Capital Research Global Investors now owns 15,262,082 shares of the bank's stock worth $105,766,000 after purchasing an additional 12,539,737 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Itaú Unibanco by 200.4% in the second quarter. Marshall Wace LLP now owns 7,679,311 shares of the bank's stock valued at $44,847,000 after buying an additional 5,122,752 shares during the period. William Blair Investment Management LLC increased its stake in shares of Itaú Unibanco by 14.8% in the second quarter. William Blair Investment Management LLC now owns 37,928,532 shares of the bank's stock valued at $221,505,000 after buying an additional 4,888,099 shares during the period. Capital World Investors increased its stake in shares of Itaú Unibanco by 64.4% in the first quarter. Capital World Investors now owns 8,654,237 shares of the bank's stock valued at $59,974,000 after buying an additional 3,390,463 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in shares of Itaú Unibanco by 77.5% in the second quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank's stock valued at $41,549,000 after buying an additional 3,106,130 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ITUB. JPMorgan Chase & Co. decreased their price target on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. UBS Group cut 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.50.

Itaú Unibanco Trading Down 0.3 %

NYSE ITUB traded down $0.02 during trading hours on Wednesday, hitting $5.96. 5,617,858 shares of the company's stock were exchanged, compared to its average volume of 18,194,102. The stock has a 50-day simple moving average of $6.31 and a 200 day simple moving average of $6.26. Itaú Unibanco Holding S.A. has a 1-year low of $5.62 and a 1-year high of $7.27. The firm has a market cap of $58.41 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.77 and a beta of 0.98. 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 Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, January 9th. Investors of record on Monday, December 2nd will be paid a dividend of $0.0031 per share. The ex-dividend date is Monday, December 2nd. Itaú Unibanco's dividend payout ratio is currently 3.85%.

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.