Natixis Advisors LLC Buys 648,973 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Natixis Advisors LLC boosted its holdings in Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) by 35.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,498,916 shares of the bank's stock after acquiring an additional 648,973 shares during the period. Natixis Advisors LLC's holdings in Itaú Unibanco were worth $16,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ITUB. Thornburg Investment Management Inc. increased its holdings in shares of Itaú Unibanco by 0.9% during the second quarter. Thornburg Investment Management Inc. now owns 183,245 shares of the bank's stock worth $1,084,000 after buying an additional 1,664 shares in the last quarter. Van ECK Associates Corp raised its position 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 purchasing an additional 2,469 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Itaú Unibanco by 4.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,500 shares of the bank's stock worth $382,000 after buying an additional 2,500 shares during the period. Creative Planning grew its position in shares of Itaú Unibanco by 33.5% in the 3rd quarter. Creative Planning now owns 14,941 shares of the bank's stock valued at $99,000 after buying an additional 3,753 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its position in shares of Itaú Unibanco by 1.5% in the 3rd quarter. Baker Avenue Asset Management LP now owns 303,181 shares of the bank's stock valued at $2,016,000 after buying an additional 4,485 shares during the last quarter.

Analysts Set New Price Targets

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

Itaú Unibanco Stock Down 0.2 %

Shares of ITUB traded down $0.01 during trading hours on Wednesday, reaching $5.97. 3,464,159 shares of the stock traded hands, compared to its average volume of 18,180,137. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28. The stock has a fifty day simple moving average of $6.32 and a 200 day simple moving average of $6.26. Itaú Unibanco Holding S.A. has a 52 week low of $5.62 and a 52 week high of $7.27. The company has a market cap of $58.51 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.77 and a beta of 0.98.

Itaú Unibanco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be given a $0.0031 dividend. The ex-dividend date is Monday, December 2nd. Itaú Unibanco's dividend payout ratio is 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.