Segall Bryant & Hamill LLC Takes $948,000 Position in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Segall Bryant & Hamill LLC bought a new stake in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 142,600 shares of the bank's stock, valued at approximately $948,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ITUB. Driehaus Capital Management LLC grew its position in Itaú Unibanco by 77.5% during 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. Perpetual Ltd lifted its position in Itaú Unibanco by 9.0% during the third quarter. Perpetual Ltd now owns 13,629,806 shares of the bank's stock valued at $90,638,000 after purchasing an additional 1,126,695 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in Itaú Unibanco by 2.3% during the second quarter. Itau Unibanco Holding S.A. now owns 23,818,027 shares of the bank's stock valued at $134,606,000 after purchasing an additional 529,600 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in Itaú Unibanco by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,917,740 shares of the bank's stock worth $20,220,000 after buying an additional 504,500 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in shares of Itaú Unibanco by 4.7% in the third quarter. Baillie Gifford & Co. now owns 9,556,375 shares of the bank's stock worth $63,550,000 after buying an additional 430,582 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ITUB. 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. reduced their price objective 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $7.50.

Itaú Unibanco Price Performance

NYSE ITUB traded down $0.01 during trading hours on Friday, reaching $5.85. The company's stock had a trading volume of 13,523,883 shares, compared to its average volume of 21,737,854. Itaú Unibanco Holding S.A. has a 1 year low of $5.62 and a 1 year high of $7.27. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $57.34 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.76 and a beta of 0.98. The firm's 50-day moving average price is $6.28 and its 200-day moving average price is $6.25.

Itaú Unibanco Cuts Dividend

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

Itaú Unibanco Company Profile

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.