American Century Companies Inc. Has $31.97 Million Position in Itau Unibanco Banco Holding SA (ITUB)

American Century Companies Inc. boosted its holdings in Itau Unibanco Banco Holding SA (NYSE:ITUB) by 32.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,333,272 shares of the bank’s stock after acquiring an additional 568,987 shares during the quarter. American Century Companies Inc. owned 0.07% of Itau Unibanco Banco Holding SA worth $31,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantitative Systematic Strategies LLC acquired a new position in shares of Itau Unibanco Banco Holding SA during the 3rd quarter valued at $142,000. Commerzbank Aktiengesellschaft FI increased its position in shares of Itau Unibanco Banco Holding SA by 69.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 108,840 shares of the bank’s stock valued at $1,203,000 after purchasing an additional 44,439 shares during the period. DSAM Partners London Ltd acquired a new position in shares of Itau Unibanco Banco Holding SA during the 2nd quarter valued at $3,582,000. Ativo Capital Management LLC increased its position in shares of Itau Unibanco Banco Holding SA by 19.1% during the 2nd quarter. Ativo Capital Management LLC now owns 214,327 shares of the bank’s stock valued at $2,368,000 after purchasing an additional 34,410 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Itau Unibanco Banco Holding SA by 3.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 241,675 shares of the bank’s stock valued at $2,671,000 after purchasing an additional 8,626 shares during the period. Hedge funds and other institutional investors own 4.80% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “American Century Companies Inc. Has $31.97 Million Position in Itau Unibanco Banco Holding SA (ITUB)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/11/14/american-century-companies-inc-has-31-97-million-position-in-itau-unibanco-banco-holding-sa-itub.html.

Shares of Itau Unibanco Banco Holding SA (NYSE:ITUB) opened at $12.69 on Tuesday. The firm has a market capitalization of $82,646.16, a price-to-earnings ratio of 10.94, a PEG ratio of 1.38 and a beta of 1.60. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.66 and a current ratio of 1.66. Itau Unibanco Banco Holding SA has a one year low of $9.10 and a one year high of $14.59.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 2nd will be paid a dividend of $0.0048 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Wednesday, November 1st. Itau Unibanco Banco Holding SA’s dividend payout ratio is presently 5.22%.

Itau Unibanco Banco Holding SA announced that its board has authorized a stock repurchase program on Thursday, August 31st that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several brokerages have recently issued reports on ITUB. ValuEngine cut Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Citigroup Inc. cut Itau Unibanco Banco Holding SA from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th. BidaskClub lowered Itau Unibanco Banco Holding SA from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research lowered Itau Unibanco Banco Holding SA from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.50.

About Itau Unibanco Banco Holding SA

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

Want to see what other hedge funds are holding ITUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itau Unibanco Banco Holding SA (NYSE:ITUB).

Institutional Ownership by Quarter for Itau Unibanco Banco Holding SA (NYSE:ITUB)

Receive News & Ratings for Itau Unibanco Banco Holding SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco Banco Holding SA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply