Coldstream Capital Management Inc. Purchases 2,250 Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB)

Coldstream Capital Management Inc. grew its position in Itaú Unibanco Holding S.A. (NYSE:ITUB) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,556 shares of the bank’s stock after purchasing an additional 2,250 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Itaú Unibanco were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in Itaú Unibanco by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 50,587,633 shares of the bank’s stock worth $336,408,000 after buying an additional 2,886,508 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Itaú Unibanco by 14.8% in the second quarter. William Blair Investment Management LLC now owns 37,928,532 shares of the bank’s stock worth $221,505,000 after acquiring an additional 4,888,099 shares during the period. Itau Unibanco Holding S.A. raised its stake in Itaú Unibanco by 2.3% during 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 purchasing an additional 529,600 shares during the period. FMR LLC lifted its holdings in Itaú Unibanco by 12,592.2% in the 3rd quarter. FMR LLC now owns 23,484,343 shares of the bank’s stock worth $156,171,000 after purchasing an additional 23,299,313 shares in the last quarter. Finally, Perpetual Ltd boosted its stake in Itaú Unibanco by 9.0% in the 3rd quarter. Perpetual Ltd now owns 13,629,806 shares of the bank’s stock worth $90,638,000 after purchasing an additional 1,126,695 shares during the period.

Itaú Unibanco Stock Up 0.4 %

NYSE ITUB opened at $5.23 on Wednesday. The stock has a 50 day moving average price of $5.90 and a 200-day moving average price of $6.15. Itaú Unibanco Holding S.A. has a one year low of $5.13 and a one year high of $7.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $51.26 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.68 and a beta of 0.95.

Itaú Unibanco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.0031 per share. The ex-dividend date of this dividend is Monday, December 2nd. Itaú Unibanco’s dividend payout ratio (DPR) is currently 46.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on ITUB shares. 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. decreased their price target on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.