Quantbot Technologies LP Has $4.18 Million Stake in Itaú Unibanco Holding S.A. (NYSE:ITUB)

Quantbot Technologies LP decreased its position in shares of Itaú Unibanco Holding S.A. (NYSE:ITUB) by 28.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 627,828 shares of the bank’s stock after selling 255,735 shares during the period. Quantbot Technologies LP’s holdings in Itaú Unibanco were worth $4,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted 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 acquiring an additional 2,469 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Itaú Unibanco during the 1st quarter worth about $49,000. Dynamic Advisor Solutions LLC bought a new position in shares of Itaú Unibanco during the 2nd quarter worth about $65,000. Daymark Wealth Partners LLC bought a new position in shares of Itaú Unibanco during the 3rd quarter worth about $68,000. Finally, MQS Management LLC bought a new position in shares of Itaú Unibanco during the 3rd quarter worth about $70,000.

Itaú Unibanco Stock Performance

NYSE ITUB opened at $5.98 on Wednesday. The stock has a market cap of $58.61 billion, a P/E ratio of 7.67, a PEG ratio of 0.76 and a beta of 0.98. The company’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $6.24. Itaú Unibanco Holding S.A. has a twelve month low of $5.62 and a twelve month 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.

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 $0.0031 dividend. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s payout ratio is currently 3.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group downgraded shares of Itaú Unibanco from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Itaú Unibanco has an average rating of “Moderate Buy” and a consensus target price of $7.50.

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.