Profund Advisors LLC Decreases Position in Itau Unibanco Holding S.A. $ITUB

Profund Advisors LLC decreased its position in Itau Unibanco Holding S.A. (NYSE:ITUB) by 5.3% during the 2nd quarter, Holdings Channel reports. The firm owned 224,427 shares of the bank’s stock after selling 12,609 shares during the quarter. Profund Advisors LLC’s holdings in Itau Unibanco were worth $1,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Itau Unibanco by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 179,022 shares of the bank’s stock worth $985,000 after buying an additional 11,376 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Itau Unibanco by 15.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,215,961 shares of the bank’s stock valued at $6,688,000 after acquiring an additional 163,899 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in Itau Unibanco during the first quarter worth about $106,000. Cerity Partners LLC raised its position in Itau Unibanco by 4.1% during the first quarter. Cerity Partners LLC now owns 68,922 shares of the bank’s stock worth $379,000 after acquiring an additional 2,694 shares during the last quarter. Finally, Xponance Inc. purchased a new stake in shares of Itau Unibanco in the first quarter valued at about $94,000.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $7.63 on Tuesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $82.26 billion, a PE ratio of 10.82, a P/E/G ratio of 1.10 and a beta of 0.85. The firm has a 50 day simple moving average of $7.16 and a 200-day simple moving average of $6.79. Itau Unibanco Holding S.A. has a 1-year low of $4.42 and a 1-year high of $7.66.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ITUB shares. Weiss Ratings raised shares of Itau Unibanco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Zacks Research downgraded Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.18.

Itau Unibanco 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.