Itaú Unibanco Holding S.A. (NYSE:ITUB) Shares Purchased by Baillie Gifford & Co.

Baillie Gifford & Co. increased its holdings in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,556,375 shares of the bank's stock after purchasing an additional 430,582 shares during the period. Baillie Gifford & Co. owned 0.10% of Itaú Unibanco worth $63,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors increased its stake in shares of Itaú Unibanco by 64.4% during the first quarter. Capital World Investors now owns 8,654,237 shares of the bank's stock worth $59,974,000 after acquiring an additional 3,390,463 shares during the period. Driehaus Capital Management LLC boosted its holdings in Itaú Unibanco by 77.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 7,114,571 shares of the bank's stock valued at $41,549,000 after purchasing an additional 3,106,130 shares in the last quarter. First Eagle Investment Management LLC increased its position in Itaú Unibanco by 8.5% during the 1st quarter. First Eagle Investment Management LLC now owns 1,398,982 shares of the bank's stock worth $9,695,000 after purchasing an additional 109,259 shares during the period. Perpetual Ltd raised its stake in shares of Itaú Unibanco by 9.0% during the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank's stock worth $90,638,000 after buying an additional 1,126,695 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Itaú Unibanco by 2.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank's stock valued at $134,606,000 after buying an additional 529,600 shares during the period.

Itaú Unibanco Price Performance

Shares of NYSE:ITUB traded down $0.11 during trading on Wednesday, hitting $5.92. 22,022,517 shares of the stock were exchanged, compared to its average volume of 18,221,332. Itaú Unibanco Holding S.A. has a 12-month low of $5.62 and a 12-month high of $7.27. The company has a market cap of $58.02 billion, a PE ratio of 7.58, a P/E/G ratio of 0.78 and a beta of 0.98. The company has a fifty day moving average price of $6.40 and a two-hundred day moving average price of $6.27. 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 company also recently announced a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be issued a $0.0031 dividend. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco's dividend payout ratio (DPR) is 3.85%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. UBS Group cut shares of Itaú Unibanco from a "buy" rating to a "neutral" rating in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Itaú Unibanco currently has an average rating of "Moderate Buy" and a consensus target price of $7.50.

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.